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