Mexico GDP Growth Revised Up to 0.7% In Q4


The Mexican economy expanded 0.7 percent on quarter in the last three months of 2016, slowing from an upwardly revised 1.1 percent rise in the previous period but higher than 0.6 percent in the preliminary estimate. Services increased more than anticipated and industrial production rose slightly, final figures showed.

The services sector increased 0.8 percent, below 1.3 percent in the previous period but better than 0.7 percent in the initial estimate. Industrial production edged up 0.2 percent, higher than 0.1 percent in the third quarter and better than preliminary estimates of a flat reading. In contrast, the agricultural sector shrank 0.3 percent, the first fall in four quarters and compared to a 0.4 percent rise in earlier estimates. 

Year-on-year, the GDP advanced 2.4 percent, also above 2.2 percent in the first estimate and higher than 2.1 percent in the previous quarter. 

Mexico GDP Growth Revised Up to 0.7% In Q4


Joana Taborda | joana.taborda@tradingeconomics.com
2/22/2017 2:16:44 PM