Mexico's some major economic indicators like trade balance, jobless rate, fiscal balance, and consumer confidence along with gross fixed investment are scheduled to release this week. The data will shows the level of economic activity in Mexico.
The Banxico is expected to hold its policy rate at current level in its meeting in mid-December, as the economic activity are likely to be moderate along with a low inflation rate.
"We estimate an increase of 1.5% m/m sa in total investment as a result of the 0.5% m/m sa growth in construction activities combined with a 3.8% m/m sa expansion in capital imports observed in that month", estimates Barclays.
