In small but constant steps, the Mexican economy continues to show progress.
Due to exports and the recovery of the service sectors, as well as agriculture, the Gross Domestic Product (GDP) showed a growth of 0.9% until September of this year compared to the previous quarter, according to final data. published this Friday by the National Institute of Statistics and Geography (Inegi).
The Mexican economy thus adds four quarters with sustained growth, where primary activities, such as agriculture, livestock and fishing, have shown an advance of 2.2% in real terms.
The tertiary sector, which includes services and commerce, registered a rise of 1.1% in this period and finally the secondary activities, which include mining, electricity, manufacturing and construction, had a more moderate expansion, reaching 0.6%.
Hope has come to the economy with the opening of activities after the long pause caused by the covid-19 pandemic.
Trade and services show an increase at an annual rate of 4.5%, being the most dynamic and the ones that have driven growth the most so far this year.
Gabriela Siller, director of economic analysis at Grupo Base, points out that the revised GDP data in the third quarter confirms that there is already a complete recovery in Mexico compared to 2019, but compared to the figures for 2018 there is still a lag of 0 .27%
"Mexico's economic recovery has been supported by exports," details the specialist.
Financial analysts remain optimistic, estimating that Mexico's GDP will grow between 1.8 and 2.4% by the end of 2022.
The INEGI published the GDP revised to 3T2022📉.
The monthly rate was adjusted to 1 decimal less than the timely estimate (from 1.0% to 0.9%) and the annual rate remained at the same level.
The best performance was that of tertiary activities, which grew 1.1% monthly and 4.5% annually⬆️.
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— IMCO (@imcomx) November 25, 2022
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