Mexican Economy Rebounds in January Alexandra Alper - Reuters
go to original March 26, 2013

MEXICO CITY - Mexico's economic activity revived in January, on strength in the industrial and service sectors, easing fears that the global slowdown is dragging on Latin America's second biggest economy.

Official data on Monday showed economic activity expanded by 0.20 percent in January compared with the prior month. The expansion came after December's contraction of a revised 0.97 percent, a nearly three-year low. December's contraction was earlier reported as a 0.99 percent drop.

"It's a welcome rebound after December's plunge which ... sparked fears that something was wrong with the economy," said Luis Arcentales, a Morgan Stanley economist based in New York.

The monthly expansion was bolstered by a 1.1 percent expansion in industry and 0.44 percent growth in services.

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