Mexican GDP Contracts 0.1% QoQ in Q2



The Mexican economy shrank 0.1 percent on quarter in the three months to June of 2018, reversing from a 1.1 percent growth in the previous period. It is the first contraction since the last quarter of 2015 as both the primary sector and industry declined, preliminary estimates showed.

The industrial sector declined 0.3 percent, following a 0.9 percent rise in the previous period and the primary sector shrank 2.1 percent after a 0.9 percent expansion in the previous quarter. The services sector grew 0.3 percent, also well below 1.1 percent in the first quarter.

Year-on-year, the economy expanded 2.7 percent, well above 1.3 percent in the previous quarter. It is the strongest growth since the first quarter of 2017.

Mexican GDP Contracts 0.1% QoQ in Q2


Joana Taborda | joana.taborda@tradingeconomics.com
7/31/2018 2:08:15 PM