Mexico GDP Growth Accelerates in Q3
The Mexican economy advanced 0.6 percent on quarter in the three months to September of 2015, accelerating from a 0.5 percent expansion in the previous period, according to preliminary estimates released by the statistical institute. Industry picked up while agriculture output rebounded.
10/30/2015 9:11:42 PM
It was the first time INEGI published an earlier reading on GDP.
Preliminary estimates showed industrial production went up 0.7 percent after remaining flat in the previous period, while the services sector expanded at a slower 0.5 percent (0.9 percent in the second quarter). Agriculture increased 2.8 percent, rebounding from a 1.6 percent contraction in the second quarter.
Year-on-year, the economy expanded 2.4 percent, up from 2.2 percent in the second quarter.