Mexico Economic Growth Tops Forecasts on US Trade, Spending
- GDP grew 0.9% in third quarter compared to the previous period
- Mexico’s economy performing better on exports, investment
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Mexico’s economy accelerated more than forecast in the third quarter, buoyed by flourishing trade with the US and solid spending by Mexican consumers.
Gross domestic product rose 0.9% in the third quarter from the previous three months, compared with the 0.8% median estimate of analysts surveyed by Bloomberg, according to preliminary data released by Mexico’s national statistics institute Tuesday. From the same period a year ago, the economy grew 3.3%, also slightly faster than economists’ 3.2% estimate.