Investor Presentaiton
The recovery has been heterogeneous, with ample room to be made up in certain states and sectors
State activity level in 4Q21 vs. the most recent peak
(3Q18)
%, seasonally adjusted figures
Tabasco
Baja California
Tlaxcala
Sinaloa
Chihuahua
Sonora
State of Mexico
Yucatán
Durango
114.1
108.1
101.9
100.8
100.5
100.1
99.2
99.2
98.5
Oaxaca
98.4
Colima
Chiapas
Michoacán
Jalisco
Guerrero
Veracruz
98.2
98.2
98.2
98.0
97.9
97.5
Nayarit
97.1
Nuevo León
97.1
Zacatecas
Guanajuato
Tamaulipas
Querétaro
San Luis Potosí
Morelos
Quintana Roo
Hidalgo
Coahuila
Aguascalientes
Puebla
Mexico City
Campeche
Baja California Sur
Source: Banorte with data from INEGI
95.7
95.5
95.4
95.4
95.4
94.4
94.3
92.6
90.8
89.9
89.6
88.7
84.3
77.0
Economic activity level in 1Q22 vs. the most recent peak
(3Q18)
%, using seasonally adjusted figures
Mass media
Corporate services
Healthcare
Real-estate services
Agriculture
Wholesales
111.8
110.3
106.7
104.5
103.5
102.4
Manufacturing
Professional services
101.3
100.5
Retail sales
100.3
Transport
99.7
Mining
99.6
Education
98.8
Government activities
Entertainment
Hotels and restaurants
Utilities
Financial services
Other services
Construction
98.4
94.7
94.2
93.9
92.7
90.1
83.1
Business support
30.6
58
58
Div
DB
Rev
Dep
NIM
TI
LD
Loan
BAP
Guid
ESG
Eco
NI
ROE
ICAP
Mkt
App
Hist
C/I
GRUPO FINANCIERO
BANORTEView entire presentation