Mexico’s Economic Growth Revised Lower From Early Estimate
- Second quarter print down to 0.8% versus previous three months
- Change to statistical methods partly responsible for changes
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Mexico’s economy grew at a slightly slower pace than the preliminary estimate in the second quarter, even as the country benefited from the strength of its trade with the US and its own robust consumption.
Gross domestic product expanded 0.8% from the previous three months, below the 1% median estimate by economists in a Bloomberg survey and the 0.9% preliminary reading reported last month. From the same period a year ago, GDP grew 3.6%, less than the preliminary 3.7% print, according to final data released by Mexico’s national statistics institute Tuesday.