Chihuahua started the year on the wrong foot; 4th worst economic downturn

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The National Institute of Statistics and Geography (INEGI) presented the results of the Quarterly Indicator of State Economic Activity (ITAEE), which for the state of Chihuahua resulted in a quarterly decline of 0.9% and an annual decline of 1.3%.

On an annual basis, Chihuahua is the state with the fourth largest decline in the indicator, surpassed only by Campeche (-16.8%), Tabasco (-12.3%), and Quintana Roo (-9.2%).

After Chihuahua, Puebla (-0.7%), Veracruz (-0.4%), and Durango (-0.4%) also stood out with declines in activity.

The graph of the quarterly indicator shows a slowdown (the line slopes downward) in Chihuahua’s economic activity starting in mid-2024:

On the other hand, Guerrero (8.0%) was the state with the greatest growth, followed by Oaxaca (5.7%), Nayarit (4.7%), Baja California Sur (3.9%), and Zacatecas (3.6%).

Chihuahua’s economic activity in the first quarter.

The state’s primary activities (agriculture and livestock) experienced a significant decline last year, by 5.0%, with a negative share for the country of 0.14 points.

In secondary activities (industrial), the state of Chihuahua suffered a decline of 1.7%, impacting the nation by 0.09 points.

Finally, tertiary activities (trade and services) in Chihuahua did increase by 0.8%, below the Mexican average (1.3%), with a contribution of 0.02 points.

Source: tiempo