Mexico´s Economy Expands 0.8% yoy in Q1

Mexico GDP expanded 0.8 percent yoy in the first quarter of 2013, below the 3.2% expansion registered in the previous quarter.

The primary sector grew 2.8 percent due to increased production of crops such as: corn, wheat, barley grain, forage maize, avocado, forage oats, sugarcane, forage sorghum, papaya, lemon, onion, orange, beans, green tomatoes and green alfalfa.

The secondary sector contracted 1.5 percent as a result of the declines registered in construction (2.3 percent), manufacturing (1.6 percent) and electricity, water and gas supply (1.3 percent). On the other hand, the mining segment increased 0.2 percent.

The tertiary sector expanded 1.9 percent driven by the increases registered in mass media information and services (6.3 percent), business and support services (5.3 percent), financial services and insurance (3.6 percent),  health care and other social services (3.6 percent), real estate services and rental of personal property and intangible goods (2.3 percent) and trade (1.3 percent). 

On a quarter over quarter basis, the GDP expanded seasonally adjusted 0.45 percent.  

Mexico´s Economy Expands 0.8% yoy in Q1

Duarte Ricardo |
5/17/2013 4:54:20 PM