Mexico: Economic activity accelerates in July
September 26, 2018
Economic activity grew 3.3% in July from the same month a year earlier, gaining steam from the 1.2% year-on-year expansion logged in June. According to INEGI, July’s result was driven by a rebound in the agricultural sector and solid growth in services.
On a month-on-month basis, economic activity increased 0.4% in seasonally-adjusted terms, contrasting June’s 0.1% fall.
Author: Christopher Thomas, Economist