Mexico GDP Growth Strongest in Over a Year


The Mexican economy grew 2.7 percent year-on-year in the second quarter of 2018, following a 1.3 percent expansion in the previous quarter, the preliminary figure showed. It was the strongest growth of gross domestic product since the first quarter of 2017, mainly due to industry and services.

Industry increased 1.4 percent, after contracting for four consecutive quarters (-0.8 percent in Q1). Additionally, the services sector advanced at a faster pace (3.4 percent compared to 2.0 percent). In contrast, the agricultural output growth slowed to 1.8 percent from 1.3 percent in the previous period. 

On a quarterly basis, the economy shrank 0.1 percent, falling from a 1.1 percent expansion in the first quarter of the year.

Mexico GDP Growth Strongest in Over a Year


INEGI | Stefanie Moya | stefanie.moya@tradingeconomics.com
7/31/2018 1:17:30 PM