On a quarter-on-quarter basis, GDP rose 0.9 percent, after growth of 1.4 percent in the second quarter. Growth was broad-based across the three main sectors of the economy.
Sector breakdown shows broad gains
Industry grew 3.1 percent year-on-year in the third quarter, while services expanded 3.3 percent. The primary sector rose 1.8 percent over the same period. On a quarter-on-quarter basis, services grew 1.1 percent and industrial activity rose 0.8 percent. Primary activities fell 0.4 percent.
Services and industry were the main drivers of growth in the period. The article notes that the second-quarter expansion was an important advance, though the pace moderated in the third quarter.
Year-to-date figures
Services rose 2.2 percent over the nine-month period, the primary sector gained 2.0 percent and industry grew 1.1 percent.
Analysts have raised their forecasts for Mexico’s GDP growth, citing an improving business climate. The article does not name the analysts or give revised figures.
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