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Mexico economy grows slightly less than expected in Q2
- Kempton Asset Blog
- Aug 22
- 1 min read
Mexico's economy grew 0.6% in the second quarter from the previous three-month period, national statistics agency INEGI said on Friday.
The data came in slightly below INEGI's preliminary estimate published last month and forecasts from economists in a Reuters poll, both of which pointed to a 0.7% expansion.
Growth in the quarter was fueled by secondary and tertiary activities, respectively covering manufacturing and services, which rose 0.7% and 0.8% on a sequential basis, according to INEGI.
Primary activities, which include farming, fishing and mining, slipped 2.4%.
In annual terms, Mexico's economy was flat in the period - below the 0.1% expansion expected by economists in the Reuters poll.
