Mexico GDP Shrinks Less than Expected in Q2



The Mexican economy contracted 0.2 percent on quarter in the three months to June of 2016, compared to a 0.3 percent decline in the preliminary estimates, final figures showed. Yet, it is the first contraction since the second quarter of 2013, due to a drop in industrial output.

The services sector edged up 0.1 percent, compared with no growth in the preliminary figures. Industrial production declined less than anticipated (-1.5 percent compared to -1.7 percent) while the agricultural sector (-0.3 percent compared to -0.1 percent) fell more.

Year-on-year, the economy expanded 2.5 percent, better than 2.4 percent in the preliminary figures and 2.4 percent in the previous two quarters. 

Mexico GDP Shrinks Less than Expected in Q2


INEGI | Joana Taborda | joana.taborda@tradingeconomics.com
8/22/2016 2:34:45 PM