The industrial sector shrank 0.3 percent, matching the preliminary estimate and compared to a downwardly revised 0.8 percent rise in the first quarter. The construction sector slumped (-1.7 percent vs 2.2 percent in Q1) and mining and quarrying continued to decrease (-0.2 percent vs -0.6 percent). Meantime, output growth slowed sharply for manufacturing (0.2 percent vs 0.7 percent) and utilities (0.3 percent vs 1.2 pecrent). Also, the primary sector declined 2.1 percent, as initially estimates showed, contrasting with a downwardly revised 0.6 percent expansion in the previous quarter.
In addition, the services sector grew only 0.2 percent, below a preliminary reading of 0.3 percent and well below a downwardly revised 1.0 percent increase in the first quarter.
Year-on-year, the Mexican economy advanced 2.6 percent, the most since the first quarter of 2017, missing a preliminary figure of 2.7 percent but above a 1.4 percent expansion in the previous period.