Mexican GDP Growth Confirmed At 1% in Q3
The Mexican economy advanced 1 percent on quarter in the third quarter of 2016, in a line with preliminary estimates, and following an upwardly revised 0.1 percent growth in the previous period. It is the strongest growth rate since the second quarter of 2014, boosted mainly by the services sector.
The services sector expanded 1.4 percent (+0.5 percent in Q2); the agriculture rose 2 percent (+1.8 percent in Q2) and industrial production rebounded 0.1 percent (-1.5 percent in Q2), according to final estimates.
11/23/2016 2:42:09 PM
Year-on-year, the economy expanded 2 percent, slowing from a 2.6 percent rise in the second quarter.