Mexico GDP Shrinks For First Time in Over 4 Years



The Mexican economy contracted 0.2 percent on quarter in the third quarter of 2017, following a 0.6 percent rise in the previous period. Industry and services were the main contributors to the decline, preliminary estimates showed. 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.

The industry sector tumbled 0.5 percent and services declined 0.1 percent. Meanwhile, the agricultural sector went up 0.5 percent.

Year-on-year, the GDP advanced 1.6 percent in the third quarter of 2017, compared to an upwardly revised 1.9 percent expansion in the previous period.

Mexico GDP Shrinks For First Time in Over 4 Years


INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
10/31/2017 3:11:39 PM