Mexico GDP Shrinks More than Expected in Q3


The Mexican economy contracted 0.3 percent on quarter in the third quarter of 2017, worse than a preliminary estimate of a 0.2 percent decline and compared to a downwardly revised 0.3 percent increase in the previous quarter. Manufacturing declined more than expected, final figures showed. It was the first contraction since the fourth quarter of 2015.

Industrial output decreased 0.6 percent, compared to an earlier estimate of a 0.5 percent slump and after falling 0.4 percent in the previous quarter. The services sector edged down 0.1 percent, in line with the preliminary reading and worse than a 0.6 percent rise in the second quarter. The primary sector went up 0.5 percent (0.5 percent in the first figure) and compared to a 0.7 percent decline in the previous period.

Year-on-year, the economy expanded an unadjusted 1.5 percent in the third quarter, the lowest growth rate in four years.

Mexico GDP Shrinks More than Expected in Q3


INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
11/24/2017 2:53:14 PM