Mexico Annual GDP Growth Slows to 2% in Q3


The GDP in Mexico advanced 2 percent year-on-year in the third quarter of 2016, slowing from a 2.5 percent expansion in the previous period but matching market expectations. It is the lowest growth rate since the second quarter of 2014, mainly due to a 1 percent slump in industrial output, preliminary figures showed.

The services sector went up 3.3 percent, higher than a 3.2 percent gain in Q2 and agriculture also increased at a faster 4.9 percent (3.8 percent in Q2). In contrast, industrial output went down 1 percent, following a 1 percent gain in the previous period. 

On a quarterly basis, the GDP expanded 1 percent, the highest in nearly 2 years.

Mexico Annual GDP Growth Slows to 2% in Q3


INEGI | Joana Taborda | joana.taborda@tradingeconomics.com
10/31/2016 2:39:20 PM