The research collective Mexico, How are we doing? He announced that in terms of the weight of the economic sectors in the third quarter of 2021 (3Q21), real estate was the second in importance, representing 12.38% within the economic sectors, and the first in terms of tertiary activities.

By weight and importance, the activities of the manufacturing industry in Mexico, its importance lies in the fact that it represents 16.91% of the component of the Gross Domestic Product (GDP) that is generated in Mexico, according to the group.

Related to this, retail trade represented 9.9%; followed by wholesale trade (9.2%); the transport and storage sector (6.4%); construction (6.4%); mining (5%); financial services and insurance (4.8%).

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It is striking that regarding its economic importance, there are legislative, governmental and justice administration activities with 4.1%, above educational services (3.8%); agriculture, livestock and fishing (3.6%); information in mass media (3.5%); health services (2.4%) and business support services (2.1%) among the main indicators.

The group clarified that, like the national # Economic Growth Semaphore, semaphores qualify economic growth with green when the annual rate is greater than 4.5%, in yellow when it is within a range of 3.4% to 4.5%, orange when the level is between 0% and 3.4% and red when there is a negative annual rate.

Despite the diversity of the Mexican economy, six of the twenty sectors account for more than 60%: manufacturing industries, real estate services, wholesale and retail trade, transportation and storage, and the construction industry.

All these industries have recovered their pre-pandemic levels, except for the transportation sector and the construction sector, which show a stagnation trend. These two sectors represent 13% of the Mexican economy, the analysis indicates.

The research also indicates that to assess the pace of recovery after the worst months of the pandemic, it is necessary to review growth quarter by quarter.

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“After 4 consecutive quarters of recovery after the contraction due to the pandemic, the Gross Domestic Product of Mexico registered its first decrease in 3Q2021, falling (-) 0.4%. This drop is greater than the timely estimate of (-) 0.2%, so "the rebound effect is wearing off."

The agency ended by warning that "GDP has not yet reached the level at which it was at the beginning of the COVID-19 pandemic and the level observed in 3Q21 is close to the figure of five years ago (3Q2016)," he said. the agency, which was supported with data from INEGI.

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Original note