Mexico GDP Contracts 0.2% QoQ in Q1


The Mexican economy shrank 0.2 percent on quarter in the three months to March of 2019, following a 0.2 percent growth in the previous period, a preliminary estimate showed. Both the industrial sector and services contracted.

The industrial sector declined 0.6 percent, following a 1.2 percent contraction in the fourth quarter of 2018. At the same time, the services sector shrank 0.2 percent, after growing 0.7 percent in the previous quarter. In contrast, the primary sector advanced 2.6 percent, quickening from 2.2 percent in Q4 2018.

Year-on-year, the gross domestic product expanded 1.3 percent compared to 1.7 percent in the previous period and marking the slowest growth since Q1 2018.

Mexico GDP Contracts 0.2% QoQ in Q1


INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
4/30/2019 1:49:34 PM