Economics
Mexico’s Economy Expands Most in Year as Recovery Gathers Speed
- Activity grew 1.1% in April versus March, beating estimates
- Recovery still leaves the economy below its pre-pandemic level
This article is for subscribers only.
Mexico’s economy expanded at the fastest pace in over a year in April, suggesting a recovery seen at the beginning of 2022 is gathering speed.
Latin America’s second-largest economy grew 1.1% compared to the previous month, the most since March 2021 and above the 0.8% median estimate from analysts in a Bloomberg survey. On a year-on-year basis, activity gained 1.3% led by industrial and manufacturing businesses, according to data published by Mexico’s statistics institute on Friday.