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Mexico's 3Q GDP revised higher to 1.6pc
Mexico's growth in gross domestic product (GDP) was revised slightly higher in the third quarter, largely thanks to stronger services activity, statistic agency Inegi said. The economy grew at an annualized 1.6pc rate in the third quarter, up from 1.5pc growth in the first estimate reported 30 October. Still, growth in the third quarter marked an easing from 2.2pc annual growth reported in the second quarter. After GDP "slowed significantly" between the fourth quarter of 2023 and the second quarter this year, said Citibanamex, it improved in the third quarter primarily "on the recovery of the agricultural ... (full story)
