Mexico’s annual economic growth rate was of 1.5% in the second quarter. The economy is still expected to grow at 2.6% by the end of the year. The industrial sector remains stagnant and grew by only 0.25% in this quarter.
Mexico’s annual economic growth rate was of 1.5% in the second quarter. The economy is still expected to grow at 2.6% by the end of the year.
The industrial sector remains stagnant and grew by only 0.25% in this quarter.
Unemployment maintains its downward trend at a rate of 3.9%. Informal employment also continues to fall, although more gradually.
Again, inflation is below 3%. However, the trend since November has been of core inflation exceeding general inflation.
The Producer Price Index increased by 5% during this quarter. This is bad news for the already stagnant industrial sector. The external sector has failed to take off and maintains its trade deficit.
The Mexican peso continues to depreciate, a trend that started in mid-2014. The Bank of Mexico has intervened in the foreign exchange market and increased the benchmark interest rate again to try to stop the depreciation.
