Mexico economy posts fastest quarterly growth in two years (Photo: Google)
Mexico’s gross domestic product grew by 1.0 percent in the third quarter compared with the prior quarter MXGDPQ=ECI, according to seasonally adjusted data from Mexico’s statistics agency, in-line with estimates in a Reuters poll.
It was the fastest quarterly expansion since the second quarter of 2014.
The industrial sector grew 0.1 percent from the April-June period. Weak demand in the United States for Mexican-made goods has weighed on Latin America’s second biggest economy.
Mexico’s agricultural sector grew 2.0 percent, the data showed, while services grew 1.4 percent, the fastest quarterly expansion since the third quarter of 2011.
Upwardly revised quarter-on-quarter data showed the economy grew a slight 0.1 percent in the second quarter compared with a previously reported contraction.
In annual terms, the economy grew 2.0 percent compared with the same period last year MXGDPY=ECI, in line with forecasts.
(Reporting by Michael O’Boyle; Editing by Chizu Nomiyama and W Simon)
Written by: Reuters
Comments
more recommended stories
Yucatan Federal Government look for young people and adults older than 68 to support themThe Federal Government develops the first.
Chichen Itza joined the ritual to Mother Earth to build the Mayan Train projectOn Sunday Dec. 16, at the.
Maya train will be up and running in 4 yearsAfter the start of the construction.
Valladolid Municipal Bazaar registers good sales during DecemberVendors of the municipal bazaar of.
Spain’s Ángela Ponce breaks paradigms in Miss UniverseAfter the Spanish Ángela Ponce, the.
Possible 2020 candidate Beto O’Rourke meets with young refugees at US-Mexico borderFlanked by a group of politicians.
Gabriel García Márquez niece rescued from kidnappers after four monthsBOGOTÁ (EFE) .- Colombian authorities rescued.
Another femicide in Mérida, woman from Tekax stabbed 44 timesThe murder of María Rosalía Chan.
Markets in Merida to be promoted with cultural eventsIn order to attract more people.
Puppy killed by fireworks in Nezahualcóyotl, State of MexicoThe use of fireworks without proper.
Leave a Comment