Mexican Economy Grows More Than Forecast as Exports Pick Up

Mexico’s economy expanded more than forecast in the second quarter as a rebound in U.S. demand boosted exports, helping Latin America’s second-largest economy recover from six months of disappointing growth.

Gross domestic product climbed 1 percent from the previous three months, faster than first-quarter growth that was revised up to 0.4 percent, the national statistics institute said today. The median forecast of 14 economists surveyed by Bloomberg was for growth of 0.8 percent. GDP grew 1.6 percent from a year earlier, down from 1.9 percent in the first quarter, as Easter fell in April this year instead of March.