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Mexico GDP probably grew by about 2.4% y/y in Q4: Capital Economics

Quotes from Capital Economics:

- Leading indicators suggest that the manufacturing sector drove an acceleration in GDP growth in Mexico in Q4 (14.00 GMT). Growth in the IGAE activity index picked up to 2.6% y/y in the three months to Nov from 2.3% y/y in Oct. 

- Assuming that there are no surprises in the Dec data - the increase in industrial production growth to 2.6% y/y suggests that there won't be - then GDP probably grew by about 2.4% y/y in Q4. 

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