LatinNews Daily - 27 November 2020

* Mexico’s national statistics institute (Inegi) has published figures for third quarter growth which confirmed preliminary figures indicating that GDP grew 12.1% in Q3 compared with the previous quarter. This follows the deep 17.1% quarterly contraction recorded in Q2, when economic activity ground to a halt amid attempts to contain the coronavirus (Covid-19) pandemic. The latest figures show the secondary sector (industrial activity) performed particularly well in Q3, with 21.7% quarter-on-quarter growth, while the primary sector (agriculture) expanded by 8%, and activities in the tertiary sector (services) grew by 8.8%. This recovery in the third quarter was stronger than expected. However Inegi’s figures show that Q3 GDP contracted by 8.6% year-on-year, with the tertiary sector down 8.9% and the secondary sector down 8.8%, while the primary sector grew 7.4%.

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