Gabriela Siller, director of Economic and Financial Analysis at Banco Base, pointed out that the data reflects that the stagnation of the economy could be repeated in the second quarter of the year.

The   Economic activity in Mexico picked up again modestly during the month of April, according to information from the National Institute of Statistics and Geography (Inegi).

The Timely Indicator of Economic Activity (IOAE), which monitors the economy monthly, reported an expansion of 0.1% monthly in April. This represents a modest rebound from March's estimated 0.2% decline.

In its annual comparison, the economy expanded 1.7%.

The monthly advance for April would occur despite the stagnation that Inegi foresees in secondary and tertiary activities, which would remain without any variation compared to the month of March.

Gabriela Siller, director of Economic and Financial Analysis at Banco Base, pointed out that the April data reflects that the stagnation of the economy could be repeated in the second quarter of the year.

Likewise, he indicated that there could be a revision of the GDP for the first quarter given that, in the IOAE, the March data was revised downwards.

According to the timely GDP estimate, Mexico grew 0.2% quarterly in the first third of the year while, in annual comparison, the advance was 2%.

The government's estimate, classified as optimistic, is that the economy will grow 3% this year, the last of the government of President Andrés Manuel López Obrador.

"We feel that, based on the information we have observed, perhaps February and March could be better," said Gabriel Yorio, undersecretary of the Treasury, last month, while denying that a trend of moderation of growth is observed in the country. as well as a deviation of economic growth from official government projections.