The Mexican stock exchanges started the week with losses. Local indices retreat, extending the decline observed in the previous week and mirroring the behavior of their global counterparts, awaiting further economic figures.

The benchmark S&P/BMV IPC index, from the Mexican Stock Exchange (BMV), comprising the shares of 30 industrial giants, falls by 0.61% to 56,314.86 points. The FTSE BIVA, from the Institutional Stock Exchange (Biva), retreats by 0.63% to a level of 1,164.96 units.

Within the benchmark index, most stocks are trading with losses. The decline is led by shares of the real estate company Vesta, down by 1.42% to 59.11 pesos, followed by those of Orbia, with a drop of 1.28% at a price of 33.15 pesos.

The Mexican stock market accumulated a loss of 0.83% for the week and strung together a third consecutive week of losses. The decline at the beginning of this week comes ahead of the release of relevant economic indicators in Mexico and the United States.