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Mexican Economy Likely expanded 2.7 Pct in Q1 2017, says Wells Fargo

Mexican first quarter economic data is set to be released on Monday. The flash estimate showed a relatively solid performance of the economy. According to a Wells Fargo research report, the final data would be enlightening, particularly about gross fixed investment, exports of goods and services, and personal consumption expenditures. Still, the data is expected to be quite noisy as the Easter holiday came in the first quarter last year, whereas it came in the second quarter this year. This will make comparisons challenging, even if the Mexican statistical institute tries to correct for seasonality and for calendar days. According to Wells Fargo, the Mexican economy is expected to have expanded 2.7 percent in the first quarter of 2017.

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