PREVIEW-Mexico May economic activity seen up 7.95 pct y/y
WHAT: Mexico May economic activity
WHEN: Tuesday, July 27, 9 a.m. (1400 GMT)
REUTERS FORECAST: Median +7.95 pct y/y May vs +7.24 pct y/y April. Fourteen clients participated in the survey and the range was +6.1 pct and +9.0 pct.
FACTORS TO WATCH: Mexico is slowly recovering from a deep recession but cracks are showing in its factory-led rebound, which is seen giving the central bank more room to leave interest rates low into next year.
Analysts expect economic output jumped in May compared to April MXIGDP=ECI, which would show how far the country has come from a year earlier. At the same time, with a slowdown evident in manufacturing, the seasonally adjusted reading MXIGAE=ECI could give a better idea of the health of the overall economy.
Mexico statistics agency website for economic activity data: www.inegi.org.mx
All Mexico economic data ECONALLMX
Today's data ECONMX (Reporting by Jean Luis Arce; Editing by Kenneth Barry)
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