Mexican GDP Contracts 0.1% QoQ in Q2

The Mexican economy shrank 0.1 percent on quarter in the three months to June of 2018, reversing from a 1.1 percent growth in the previous period. It is the first contraction since the last quarter of 2015 as both the primary sector and industry declined, preliminary estimates showed.
Joana Taborda | joana.taborda@tradingeconomics.com 7/31/2018 2:08:15 PM
The industrial sector declined 0.3 percent, following a 0.9 percent rise in the previous period and the primary sector shrank 2.1 percent after a 0.9 percent expansion in the previous quarter. The services sector grew 0.3 percent, also well below 1.1 percent in the first quarter.

Year-on-year, the economy expanded 2.7 percent, well above 1.3 percent in the previous quarter. It is the strongest growth since the first quarter of 2017.

Mexican GDP Contracts 0.1% QoQ in Q2