Mexico GDP Growth at 3-Year High


The Mexican economy expanded 2.9 percent year-on-year in the first three months of 2016, higher than a 2.5 percent increase in the previous quarter. It is the highest growth rate since the last quarter of 2012 as production in both industry and agriculture accelerated and services growth remained robust.

The services sector went up 3.7 percent, the same as in the precedent quarter. Agriculture grew at a faster 3 percent following a 2.7 percent increase in the previous quarter and the industrial sector advanced 2.2 percent compared to a meager 0.2 percent rise in the previous period.

On a quarterly basis, the economy expanded 0.8 percent, higher than a 0.5 percent growth in the fourth quarter of 2015.

 Mexico GDP Growth at 3-Year High


INEGI | Francisco Caeiro | francisco.caeiro@tradingeconomics.com
4/29/2016 2:50:36 PM