Mexico GDP Growth at Near 2-Year High


The Mexican economy advanced 1 percent on quarter in the three months to September of 2016, recovering from a 0.2 percent contraction in the previous period and beating market expectations of a 0.9 percent rise. It is the strongest growth rate since the second quarter of 2014, boosted by the services sector, preliminary figures showed.

The services sector grew 1.5 percent, compared to a 0.1 percent increase in the previous period; agriculture rebounded (1.2 percent compared to -0.3 percent in the previous period) while industrial production fell 0.1 percent, following a 1.5 percent contraction in the previous period.

Year-on-year, the economy expanded 2 percent, slowing from a 2.5 percent rise in the second quarter but in line with market expectations. 

Mexico GDP Growth at Near 2-Year High


INEGI | Joana Taborda | joana.taborda@tradingeconomics.com
10/31/2016 2:26:33 PM