Mexico GDP Annual Growth Slows to 1.8% in Q4

The gross domestic product in Mexico advanced 1.8 percent year-on-year in the fourth quarter of 2018, following a 2.5 percent rise in the previous period, a preliminary estimate showed. It is the slowest growth in three quarters, as services rose less and industrial activity contracted. Meanwhile, primary activities expanded faster.

Services advanced 2.9 percent, after increasing 3.2 percent in the third quarter and the industrial sector contracted 0.7 percent, following a 1.1 percent rise in the previous period. In contrast, primary activities expanded at a faster 2.8 percent compared to a 2.2 percent advance in Q3.

On a quarterly basis, the economy grew 0.3 percent, easing from a 0.8 percent expansion in the third quarter.

Considering 2018 as a whole, the GDP is estimated to have grown by 2.0 percent compared to 2.1 percent in 2017.

Mexico GDP Annual Growth Slows to 1.8% in Q4

INEGI | Luisa Carvalho |
1/30/2019 2:29:07 PM