Mexican GDP Grows 0.6% in Q4, Beats Forecast


The Mexican economy advanced 0.6 percent on quarter in the three months to December of 2015, slowing from a 0.8 percent expansion in the previous period but staying above expectations of 0.5 percent, according to preliminary estimates. The services sector was the main driver of expansion while agriculture shrank and industry showed no growth.

Preliminary estimates showed the services sector went up 0.9 percent after expanding by 0.8 percent in the precedent quarter, while agriculture activities contracted by 1.7 percent following a 2.3 percent growth in Q3. Industrial output was unchanged compared to a 0.8 percent growth in the previous period.

Year-on-year, the economy expanded 2.5 percent, slightly down from 2.6 percent in the third quarter. Considering full 2015, the GDP advanced 2.5 percent compared to 2.1 percent in 2014.

Mexican GDP Grows 0.6% in Q4, Beats Forecast


Joana Ferreira | joana.ferreira@tradingeconomics.com
1/29/2016 2:37:41 PM