Mexico's Economy on Track to Post Its Fastest Growth in More Than Two Years RTT
go to original October 31, 2016

‘Resilient’ has been a good word for the Mexican economy in recent years. An on-again, off-again world economy usually has a magnified effect on Mexico. Not this time; through the global bump-and-grind, Mexico has chugged along at a decent pace. But is Mexico’s smoother ride about to get a lot more bumpy? (Export Development Canada)

Mexico's economy expanded in the third quarter after contracting in the previous three months, preliminary data from the statistical office INEGI showed Monday.

Gross domestic product grew a seasonally adjusted 1 percent from the second quarter, when the output fell 0.2 percent. Economists had forecast 0.8 percent expansion.

Primary sector logged 1.2 growth, while output in the secondary sector declined 0.1 percent. The tertiary sector grew 1.5 percent.

Seasonally adjusted annual growth was 1.9 percent in the third quarter versus 1.4 percent in the previous three months.

On an unadjusted basis, the economy grew an unadjusted 2 percent compared to 2.4 percent in the previous quarter. Economists had forecast 1.9 percent growth.

Read the rest at RTT

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