Mexico’s Economy Expands 0.84% QoQ in Q3

In the third quarter of 2013, Mexican GDP rebounded at a faster-than-expected quarter-on-quarter seasonally adjusted 0.84 percent. The economy recovered from a 0.55 percent contraction in the previous three-month period, mainly due to a surge in manufacturing and services.

The primary sector which includes agriculture, cattle ranching, forestry, fishing and hunting, shrank by 0.5 percent. 

The tertiary sector which aggregates mostly commerce and services rose 1.3 percent, after shrinking by 0.42 percent in the previous three-month period.

The secondary sector which includes manufacturing, mining, construction and electricity, water and gas supply production rebounded to 0.89 percent, after contracting by 1.1 percent in the previous quarter.

Compared with the same period last year, the GDP expanded at a slower pace of 1.3 percent, mainly due to lower agricultural production. 

Mexico’s Economy Expands 0.84% QoQ in Q3

Joana Taborda |
11/21/2013 5:55:18 PM