Mexico Economy Grows 2.7% YoY In Q1


The Mexican economy expanded a non-seasonally adjusted 2.7 percent year-on-year in the first quarter of 2017, following a 2.4 percent growth in the previous period and above market expectations of 2 percent, a preliminary estimate showed. Services and agriculture grew further and industrial output rebounded.

The services sector advanced 3.7 percent, faster than 3.4 percent in the fourth quarter and agriculture jumped 6.9 percent, following a 6.4 percent gain in the previous period. Also, industrial production edged up 0.2 percent, after showing no growth in the previous three months. 

On a quarterly basis, the economy grew a seasonally adjusted 0.6 percent, below 0.7 percent in the previous quarter but higher than market expectations of a flat reading. 

Mexico Economy Grows 2.7% YoY In Q1


INEGI | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/28/2017 1:34:56 PM