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LatinNews Regional Monitor: Mexico - 26 November 2018

In brief: Mexico

* Mexico’s national statistics institute (Inegi) has released its latest economic growth report, which found that the domestic economy grew by 0.8% quarter-on-quarter in the third quarter of the year, lower than market expectations. However, the marginally positive third quarter result reverts the -0.1% quarter-on-quarter contraction registered in the second quarter. According to Inegi, year-on-year growth in the third quarter was 2.6%, which while positive is slightly lower than the 2.7% market forecast, suggesting that the Mexican economy is still showing signs of weakness. The Inegi report attributes the lower-than-expected third quarter results on lower dynamism in the primary (agricultural) sector, which registered only a 0.4% increase in activity.

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