Mexican Economy Contracts for the 1st Time in 3 Years


The Mexican economy shrank 0.3 percent on quarter in the three months to June 2016, following a 0.8 percent expansion in the previous period and staying below market expectations of 0.1 percent growth, according to preliminary estimates. It was the first contraction since the second quarter of 2013.

Preliminary estimates showed industrial output fell 1.7 percent and agriculture contracted 0.1 percent while the services sector showed no growth.

Year-on-year, the economy expanded 1.4 percent, down from 2.6 percent and hitting the lowest level since the fourth quarter of 2013.

Mexican Economy Contracts for the 1st Time in 3 Years


INEGI | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/29/2016 2:16:36 PM