MEXICO: Second Quarter GDP Grows 1.8%, Lowest Annual Rate Since 2014

(RTTNews) - Mexico's Gross Domestic Product (GDP) grew 1.8% during the second quarter of 2017 over the same period in 2016 - the lowest growth rate since the same quarter in 2014 - according to a preliminary estimate released by the country's statistics institute.

The quarterly assessment indicates a slowdown in economic growth compared to the first quarter of this year when Mexico's GDP increased by 2.8% in real terms compared to a year before.

GDP growth in the second quarter of 2017 was a result of an increase in the services sector (+3.2%) and the primary sector activity (+0.7%). The figure was impacted by a 1.0% decrease in the manufacturing output.

In seasonally-adjusted terms, the Mexican GDP grew by 3% in the second quarter compared to the previous year and 0.6% from the first quarter of 2017.