Mexican GDP Grows 0.1% QoQ in Q3


Mexico's gross domestic product advanced 0.1 percent quarter-on-quarter in the three months to September 2019, after showing no growth in the previous period and below market forecasts of a 0.2 percent expansion, a preliminary estimate showed.

Agricultural output rose 3.5 percent quarter-on-quarter in the three months to September, rebounding from a 3.4 percent expansion in the prior period. In addition, the industrial sector shrank 0.1 percent, less than a 0.2 percent contraction in Q2. Meanwhile, the services sector stalled, after growing 0.2 percent in the previous quarter.

Year-on-year, the economy shrank 0.4 percent in the third quarter of 2019, following a 0.8 percent contraction in the prior period and missing market consensus of a 0.1 percent expansion.

Mexican GDP Grows 0.1% QoQ in Q3


INEGI | Stefanie Moya | stefanie.moya@tradingeconomics.com
10/30/2019 12:38:51 PM