Mexican Economy Slows in Q4

Mexico’s GDP growth slowed in the last quarter of 2013 hurt by a drop in industrial production. The economy advanced a meager 0.2 percent on a quarter-on-quarter seasonally adjusted basis, down from a revised 0.95 percent growth rate in the previous three-month period.

The primary sector recorded the highest growth rate (0.22 percent). The services sector grew 0.17 percent, hurt by tax hikes recently introduced.  

The industrial sector dropped 0.04 percent over the previous quarter, as manufacturing slowed while construction accelerated. 

Compared with the same quarter of 2012, the GDP advanced 0.7 percent, down sharply from a revised 1.4 percent in the September quarter. 

Mexican Economy Slows in Q4

Joana Taborda |
2/21/2014 5:59:23 PM