Results 1 to 4 of 4
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
Threaded View
-
09-25-2012, 09:23 PM #1
Mexican economy grows faster than expected in July
Mexican economy grows faster than expected in July
MEXICO CITY | Tue Sep 25, 2012 9:52am EDT
(Reuters) - Mexico's economy expanded by a seasonally adjusted 0.7 percent in July from June, the national statistics agency said on Tuesday, compared with 0.2 percent growth forecast in a Reuters poll and 0.9 percent growth in June.
Growth versus a year ago accelerated to 4.7 percent, faster than the 4.3 percent rate expected by analysts and than June's 3.7 percent.
The services sector grew 0.4 percent on a monthly basis for 4.8 percent annual growth while the grouping that includes utilities, mining, construction and manufacturing advanced 0.5 percent in the month and 4.9 percent in the year.
Previously released data showed exports rebounded in July and the jobless rate fell, but retail sales dropped and economists expect growth to ease in the second half of the year.
Finance Minister Jose Antonio Meade has estimated the economy would grow between 3.5 percent and 4 percent in both 2012 and 2013.
Mexican economy grows faster than expected in July | ReutersSupport our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at https://eepurl.com/cktGTn
Another illegal alien has been charged with raping a minor just...
05-20-2024, 02:31 PM in illegal immigration News Stories & Reports