Investor Presentaiton
The recovery has been heterogeneous, with room still to be made up in certain states and sectors
Economic activity level in 3Q22 vs. the most recent peak
(3Q18)
%, using seasonally adjusted figures
Corporate services
Mass media
Professional services
Entertainment
Agriculture
State activity level in 2Q22 vs. the most recent peak
(3Q18)
%, seasonally adjusted figures
Tabasco
Baja California
Nayarit
Chihuahua
Guerrero
Chiapas
130.2
121.1
111.0
110.8
108.2
Wholesales
107.5
Healthcare
106.2
Retail sales
106.1
Real-estate services
105.5
Manufacturing
105.2
Transport
103.7
Education
101.3
Hotels and restaurants
Government activities
Financial services
Mining
100.9
98.5
95.5
94.7
Others
91.9
Construction
83.7
Utilities
79.6
Business support
Source: Banorte with data from INEGI
29.5
0
20
20
40
60
60
80
100
120
140
Jalisco
Colima
Sonora
Michoacán
Sinaloa
Nuevo León
Yucatán
Оахаса
State of Mexico
Hidalgo
Tlaxcala
Querétaro
Tamaulipas
San Luis Potosí
Guanajuato
Morelos
Durango
Zacatecas
Veracruz
Aguascalientes
Puebla
Coahuila
Quintana Roo
Mexico City
Campeché
Baja California Sur
0
122.1
109.8
108.3
106.9
106.7
104.5
103.5
103.3
102.9
102.3
101.2
100.9
100.7
100.3
100.0
99.8
99.6
99.0
99.0
98.7
98.3
98.3
98.2
95.6
95.1
94.8
93.5
91.2
90.7
90.3
82.6
75.8
T
20
20
40
60
80
100
120
140
Div
DB
Rev
Dep
58
NIM
TI
LD
Loan
BAP
Guid
ESG
Eco
58
Hist
NI
ROE
ICAP
Mkt
App
C/I
GRUPO FINANCIERO
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