Mexico’s economy grows 1.5% in second quarter
Investing.com -- Mexico’s economy expanded 1.5% in the second quarter compared to the previous three-month period, according to preliminary data released by national statistics agency INEGI on Thursday. The growth rate exceeded the 1.3% increase that economists had forecast in a poll.
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Mexico's economy grew 1.5% in the second quarter compared to the first quarter. This was higher than the 1.3% that economists expected. Year‑on‑year growth was 2.2%, also above the forecast of 1.5%. The data came from INEGI, the national statistics agency.
Why it matters
The growth shows Mexico's economy is recovering faster than predicted. It can affect jobs, prices, and investment decisions in the country.
- What was the quarterly growth rate?
- Mexico's economy grew 1.5% in the second quarter compared to the previous quarter.
- How did the yearly growth compare to expectations?
- Year‑on‑year growth was 2.2%, higher than the expected 1.5%.
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Mexico’s economy grows 1.5% in second quarter
Sources1TypeCoverageInvesting.com · Economy