Mexico's global economic indicator increased more than economists expected in April, data released by statistical office INEGI showed Tuesday.
The headline economic indicator increased 4.68 percent annually to 121.6 in April, following the previous month's 3.47 percent gain. Economists were looking for a 4.3 percent annual growth. In February, the index grew 6.19 percent year-on-year.
The sub-indicator for primary activities advanced 8.52 percent annually during the month, while the secondary activities component rose 3.64 percent. The gauge of tertiary activities advanced 5.38 percent compared to April 2011, data showed.
Compared to March, the index moved up a seasonally adjusted 0.34 percent in April, notably slower than the 1.94 percent rise seen in the previous month.
by RTT Staff Writer
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