QUESTION 7

1. If you trade Mexican equities, please indicate the least relevant top down macro data release for you to form a trading view

   	a.	In the second quarter of 2021, manufacturing output in the United States expanded 20% (quarter over quarter, seasonally adusted)
   	b.	For the second quarter of 2020, the top ten largest Mexican firms (measured by market capitalization) traded in MexBol reported much lower earnings and free chash flow results than consensus forecasts
   	c.	The IMF published a report showing that total factor productivity and potential real GDP growth in Mexico declined to 0.2 and 1.5% in the period 2015-2019 from 1.0% and 3.0% in the last 3 years
   	d.	The Mexican statistical institute INEGI reported that in April the monthly rate of headline inflation rose to 0.25% from 0.21% because of higher tomato prices caused by a drought.