Mexican Economy Enters Recession in Q3


The Mexican economy shrank 0.4 percent year-on-year in the third quarter of 2019, following a 0.8 percent contraction in the previous period and missing market expectations of a 0.1 percent growth, a preliminary estimate showed.

Services acitivities contracted 0.1 percentin the third quarter of the year, after stalling in the prior period. On the other hand, industrial output shrank 1.7 percent, less than a 3 percent contraction in the previous quarter; and agricultural output expanded 5.4 percent, after growing 1.4 percent in the second quarter of 2019.

On a quarterly basis, Mexico's gross domestic product advanced 0.1 percent in the three months to September, after showing no growth in the previous period and below market forecasts of a 0.2 percent expansion.

Mexican Economy Enters Recession in Q3


INEGI |Stefanie Moya | stefanie.moya@tradingeconomics.com
10/30/2019 12:50:56 PM