Mexico GDP Growth At 2-Year High


The Mexican economy advanced 0.8 percent on quarter in the three months to September of 2015, higher than a preliminary estimate of a 0.6 percent growth. It is the strongest expansion in two years boosted by a rebound in industrial sector and growth in services.

The services sector grew at a faster rate than initially anticipated (0.8 percent compared to 0.5 percent in the preliminary estimate), but slowing from a 0.9 percent gain in the previous quarter, final figures showed. 

The industrial sector went up 0.8 percent, better than a preliminary 0.7 percent and 0.1 percent increase in the previous period. 

Agricultural output rose 2.3 percent, compared to an initial estimate of 2.8 percent, but higher from a revised 0.9 percent increase in the previous quarter.

Figures for the second quarter were revised upwards to show the economy expanded at a faster 0.6 percent (compared to 0.5 percent).

On a year-on-year basis, the GDP advanced 2.6 percent, also higher than an earlier estimate of 2.4 percent.

Mexico GDP Growth At 2-Year High


Joana Taborda | joana.taborda@tradingeconomics.com
11/20/2015 4:16:39 PM