Mexican Economy Expands 2.6% YoY in Q3

The GDP in Mexico advanced 2.6 percent year-on-year in the third quarter of 2015, higher than a preliminary estimate of a 2.4 percent growth, final figures showed. It is the strongest expansion so far this year, bringing growth rate for the first nine months of the year to 2.5 percent.

The industrial sector advanced 1.2 percent, matching preliminary estimates and higher than 0.6 percent in the second quarter. The manufacturing sector went up 2.8 percent, construction increased 3.5 percent and utilities grew 3.8 percent while the mining sector shrank 5.6 percent. 

The services sector expanded 3.3 percent, higher than an earlier estimate of 2.9 percent and 3.1 percent in the previous period. Internal trade increased 4.8 percent, real estate grew 2.2 percent, transport, warehousing and communications advanced 4 percent and financial services and insurance went up 1.7 percent. 

Agriculture expanded less than initially anticipated (4.1 percent compared to 4.6 percent), but more than in the previous quarter (2.6 percent). 

On a quarterly basis, the GDP expanded 0.8 percent in the third quarter of the year.

Mexican Economy Expands 2.6% YoY in Q3

Joana Taborda |
11/20/2015 4:23:16 PM