Mexico GDP Annual Growth at 1-Year Low of 1.3%


The gross domestic product in Mexico advanced 1.3 percent year-on-year in the first quarter of 2019, easing from a 1.7 percent expansion in the previous period, a preliminary estimate showed. It is the slowest growth rate since the first quarter of 2018.

Services advanced 1.9 percent, slowing from a 2.7 percent rise in the fourth quarter of 2018 and the industrial sector continued to contract (-0.7 percent from -0.9 percent). On the other hand, primary activities (5.9 percent from 3 percent) expanded faster. 

On a quarterly basis, the economy shrank 0.2 percent, after a 0.2 percent advance in the last quarter of 2018. 

Mexico GDP Annual Growth at 1-Year Low of 1.3%


INEGI | Agna Gabriel | agna.gabriel@tradingeconomics.com
4/30/2019 1:13:35 PM