Mexico Economy Grows the Least Since Q4 of 2013


The Mexican gross domestic product advanced 1.6 percent year-on-year in the third quarter of 2017, compared to an upwardly revised 1.9 percent expansion in the previous period. It was the lowest growth rate since the fourth quarter of 2013, mainly due to a slowdown in output of services and agriculture while the industrial sector fell less, preliminary estimates showed.

The services sector advanced 2.4 percent, slower than 3.1 percent in the second quarter and agriculture rose 0.9 percent, following a 1.4 percent gain in the previous period. Meantime, industrial production shrank 0.5 percent, less than a 1.4 percent fall in the three previous months.

On a quarterly basis, the economy declined a seasonally adjusted 0.2 percent compared to a 0.6 percent increase in the previous quarter. It was the first contraction since the second quarter of 2013, after the country was hit by two devastating earthquakes in September and also hurricanes.

Mexico Economy Grows the Least Since Q4 of 2013


INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
10/31/2017 3:17:17 PM