Mexico GDP


Growth picks-up in the first quarter

In the first quarter, GDP expanded 4.6% over the same period last year, which came in well above the 3.9% increase recorded in the previous quarter. Moreover, the figure exceeded market expectations that had the economy growing 4.2%. The improvement was mostly the result of stronger growth in the domestic sector. Fixed investment increased 8.6% over the same month last year, which came in above the 5.9% expansion recorded in the preceding quarter. Moreover, total consumption inched up to a 4.1% expansion (Q4 2011: +4.0% year-on-year) reflecting an acceleration in government consumption (Q4 2011: +2.9% yoy; Q1 2012: +1.8% yoy) and unchanged growth in private consumption, which increased 4.3%. Reflecting the improvement in the domestic sector, imports accelerated from a 3.8% increase in the fourth quarter to a 7.1% rise in the first quarter. Meanwhile, exports accelerated to a 5.1% expansion in the first quarter, up from 3.1% growth in the preceding quarter. As a result, the external sector


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