Mexico Annual GDP Growth Slows Further in Q1


The Mexican economy advanced 1.2 percent year-on-year in the first three months of 2018, below 1.5 percent in the previous quarter. It is the lowest growth rate since the last three months of 2013, preliminary estimates showed.

Industry contracted 1.1 percent, after a 1 percent drop in Q4 and marking four straight quarters of declines. Also, the services sector grew at a slower 2.1 percent compared to 2.4 percent in Q4. On the other hand, agricultural output rose at a faster 5.3 percent (4.3 percent in Q4).

On a quarterly basis, the economy grew 1.1 percent, above 0.8 percent in the previous period and the highest growth rate since the third quarter of 2016.

Mexico Annual GDP Growth Slows Further in Q1


Joana Taborda | joana.taborda@tradingeconomics.com
4/30/2018 1:44:30 PM