Economy Cools in Mexico as Manufacturing Hits Stall, Preliminary Data Shows Gabriel Stargardter - Reuters
go to original April 28, 2017

The Truth About Us - Mexico's Economy (Charla Scheidler)

Mexico's economy cooled slightly in the first quarter from the fourth quarter as industrial output stagnated, but the preliminary data released on Friday came in slightly above analysts' expectations.

The country's gross domestic product grew about 0.6 percent in the quarter, slowing slightly from 0.7 percent in the fourth quarter, according to seasonally adjusted data from national statistics agency INEGI.

Analysts polled by Reuters had expected a 0.5 percent growth rate for the first quarter.

Compared with the first quarter of 2016, GDP grew at an annual rate of 2.7 percent, above analysts' expectations of 2.4 percent.

According to INEGI's initial estimates, the industrial sector did not expand from the fourth quarter. Weak demand in the United States for Mexican-made goods has weighed on factory output.

Read the rest at Nasdaq

Related: Mexico Economy Defies Meltdown Fears Triggered By Trump (Reuters)

Related: US Economic Growth Weakened to 0.7 Percent in First Quarter (The Associated Press)

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