Mexico GDP Annual Growth Rate at 2.6% in Q3


The Mexican economy expanded 2.6 percent year-on-year in the third quarter of 2018, the same as in the previous period, a preliminary estimate showed. It remained the strongest growth rate since the first quarter of 2017, mainly due to services and primary activities. Meantime, the industrial sector grew at a slower pace.

Services advanced 3.4 percent, after rising 3.3 percent in the second quarter and primary activities grew 2.2 percent, following a 1.8 percent growth in the previous period. On the other hand, the industrial sector expanded at a slower pace (1.1 percent vs 1.3 percent in Q2).

On a quarterly basis, the economy grew 0.9 percent, recovering from a 0.2 percent contraction in the second quarter of 2018.

Mexico GDP Annual Growth Rate at 2.6% in Q3


INEGI Luisa Carvalho | luisa.carvalho@tradingeconomics.com
10/30/2018 2:29:20 PM