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Mexico GDP Grows Less Than Estimated In Q2

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

The Mexican economy expanded less than initially estimated in the second quarter, the latest data from the National Institute of Statistics and Geography, or INEGI, showed on Friday.

Gross domestic product advanced a seasonally adjusted 0.6 percent sequentially, faster than the 0.3 percent rebound in the first quarter. In the flash estimate, the rate of increase was 0.7 percent.

The growth was largely due to 0.8 percent expansions in the tertiary and secondary activities. Meanwhile, primary sector activities logged a decline of 2.4 percent.

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