Mexico GDP Rebounds 1.4% in Q2 as Services, Construction and Exports Lift Growth
Updated
Updated · Bloomberg · Aug 24
Mexico GDP Rebounds 1.4% in Q2 as Services, Construction and Exports Lift Growth
1 articles · Updated · Bloomberg · Aug 24
Summary
Mexico’s economy expanded 1.4% from the prior quarter in Q2, reversing a revised 0.3% contraction in Q1 and marking a rebound despite prolonged trade tensions with the US.
Services, construction and solid exports drove the recovery, according to final data released Monday by the national statistics institute.
Final Q2 growth came in slightly below the 1.5% preliminary estimate published last month.
From a year earlier, GDP rose 2.1%, also missing the 2.2% forecast and suggesting the rebound was strong enough to restore growth but not to beat expectations.