Mexican Economy Expands 2.5% in Q4

The Mexican economy advanced 2.5 percent year-on-year in the last quarter of 2015, compared to a 2.6 expansion in the previous period while beating market expectations of 2.3 percent, according to preliminary estimates. The services sector was the main driver of growth.
Joana Ferreira | joana.ferreira@tradingeconomics.com 1/29/2016 2:38:37 PM
Preliminary estimates showed the services sector went up 3.5 percent accelerating from a 3.3 percent expansion in the precedent quarter and agriculture activities grew by 3 percent following a 4.1 percent growth in Q3. The industrial sector advanced 0.6 percent compared to a 1.2 percent rise in the previous quarter.

On a quarterly basis, the economy expanded 0.6 percent, slowing from a 0.8 percent growth in the third quarter. 

Considering full 2015, the GDP advanced 2.5 percent compared to 2.1 percent in 2014, boosted by growth in services (+3.2 percent), agriculture (+3.1 percent) and industry (+1 percent).

Mexican Economy Expands 2.5% in Q4