Report
Research Team

Mexico Coverage Mar 26-27

Local analysts anticipate dovish policy communiqué by CB on Thursday
Goods trade surplus reaches USD 1.2bn in February, behind non-oil component
Unemployment rate falls to 3.3% in February
Govt to adjust 2019 budget without revising targets - Treasury
Analysts see CB easing before year-end, as GDP growth and CPI inflation slow
No significant changes likely in 2020 budget criteria - Treasury
Services revenues, excluding commerce, grow 1.2% y/y in January
Retail sales rebound to a 0.9% y/y hike in January
Govt to cut administrative budget in case revenues fall – Chief of staff
Govt to reinstall safeguards on steel industry
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