Mexico GDP Annual Growth Slows to 1.8% in Q4

The gross domestic product in Mexico advanced 1.8 percent year-on-year in the fourth quarter of 2018, following a 2.5 percent rise in the previous period, a preliminary estimate showed. It is the slowest growth in three quarters, as services rose less and industrial activity contracted. Meanwhile, primary activities expanded faster.
INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com 1/30/2019 2:29:07 PM
Services advanced 2.9 percent, after increasing 3.2 percent in the third quarter and the industrial sector contracted 0.7 percent, following a 1.1 percent rise in the previous period. In contrast, primary activities expanded at a faster 2.8 percent compared to a 2.2 percent advance in Q3.

On a quarterly basis, the economy grew 0.3 percent, easing from a 0.8 percent expansion in the third quarter.

Considering 2018 as a whole, the GDP is estimated to have grown by 2.0 percent compared to 2.1 percent in 2017.

Mexico GDP Annual Growth Slows to 1.8% in Q4