Mexico GDP Unexpectedly Grows 0.6% In Q2

The Mexican economy advanced 0.6 percent on quarter in the three months to June of 2017, slowing slightly from a 0.7 percent rise in the previous quarter but beating market expectations of a 0.7 percent contraction. The services sector was the main driver of growth while industrial production barely rose and the primary sector shrank, preliminary estimates showed.

The services sector increased 0.8 percent and industry edged up a meager 0.1 percent. On the other hand, the primary sector went down 2 percent. 

Year-on-year, the economy expanded an unadjusted 1.8 percent in the second quarter of the year, the lowest growth rate in three years. 

Joana Taborda |
7/31/2017 1:26:06 PM