Mexican Economy Enters Recession in Q3

The Mexican economy shrank 0.4 percent year-on-year in the third quarter of 2019, following a 0.8 percent contraction in the previous period and missing market expectations of a 0.1 percent growth, a preliminary estimate showed.
INEGI |Stefanie Moya | stefanie.moya@tradingeconomics.com 10/30/2019 12:50:56 PM
Services acitivities contracted 0.1 percentin the third quarter of the year, after stalling in the prior period. On the other hand, industrial output shrank 1.7 percent, less than a 3 percent contraction in the previous quarter; and agricultural output expanded 5.4 percent, after growing 1.4 percent in the second quarter of 2019.

On a quarterly basis, Mexico's gross domestic product advanced 0.1 percent in the three months to September, after showing no growth in the previous period and below market forecasts of a 0.2 percent expansion.

Mexican Economy Enters Recession in Q3