Advanced Search

LatinNews Daily - 01 August 2019

Click here for printer friendly version
Click here for full report

In brief: Mexico just avoids technical recession

* Mexico’s national statistics institute (Inegi) has released preliminary second quarter GDP growth figures. In seasonally adjusted terms, GDP increased by 0.1% quarter-on-quarter. The result means that the Mexican economy has narrowly avoided falling into recession after posting negative growth in the first quarter. The breakdown of the Inegi data shows that activity in the primary sector has fallen by -3.4%, and the tertiary sector has grown 0.2%, while the secondary sector stayed the same. In comparison with the second quarter of 2018, the GDP grew 0.4% this quarter, with the primary sector growing 1.7% and the tertiary sector growing 1.0%, but the secondary sector falling -1.6%. Altogether, the first half of 2019 has seen 0.3% growth compared to the same period in 2018.