Mexico Annual GDP Growth at 3-Year Low in Q2

The Mexican economy advanced 1.8 percent year-on-year in the second quarter of 2017, well below a 2.8 percent rise in the previous period and compared to market expectations of a 1.6 percent rise. It is the lowest growth rate since the second quarter of 2014, due to a fall in industrial output, preliminary estimates showed.

The industrial sector shrank 1 percent and primary activities went up 0.7 percent. The services sector was the main driver of growth, rising by 3.2 percent. 

On a quarterly basis, the economy advanced 0.6 percent, slightly below 0.7 percent in the previous period but beating expectations of a 0.7 percent contraction.

Joana Taborda |
7/31/2017 1:32:30 PM