Mexico Annual GDP Growth Below Expectations in Q4


The Mexican economy expanded 2.2 percent year-on-year in the last three months of 2016, higher than 2 percent in the previous period but slightly below forecasts of 2.3 percent, preliminary estimates showed.

The services sector advanced 3.2 percent, lower than 3.4 percent in the third quarter while agriculture jumped 6.2 percent (5.3 percent in the previous period). In contrast, industrial production declined 0.2 percent, following a 0.8 percent contraction in the previous three months. 

On a quarterly basis, the economy grew 0.6 percent, below 1 percent in the previous quarter and lower than market expectations of 0.7 percent.

Mexico Annual GDP Growth Below Expectations in Q4


INEGI | Joana Taborda | joana.taborda@tradingeconomics.com
1/31/2017 2:25:47 PM