Mexico GDP Falls for 1st Time in 3 Years on Slower Services

07/29/16 Bloomberg

digital economyMexico’s economy contracted in the second quarter for the first time in three years as growth in the services industry slowed and exports fell.

Gross domestic product declined 0.3 percent from the first three months, according to preliminary figures released by the national statistics institute Friday. The median forecast of 13 economists surveyed by Bloomberg was for a contraction of 0.1 percent. From the previous year, GDP climbed 2.4 percent, in line with estimates. The institute will release final growth figures Aug. 22.

Read more…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s