LatinNews Regional Monitor: Mexico - 26 May 2017

MEXICO | Growth picks up despite Nafta cloud. The Mexican economy is holding up, defying prognostications of doom after Donald Trump won the US presidency last November. In the first quarter of 2017, Mexico’s GDP expanded by 2.8% compared with the same period a year earlier, according to figures released by the national statistics institute (Inegi) on 22 May. This is also a faster rate of growth than that registered in the final quarter of 2016 (2.4% year-on-year). The primary sector was buoyant, growing by 6.6%, while the tertiary services sector was resilient, expanding by 3.7%. Even the secondary (industrial) sector registered slight growth of 0.5% (having failed to grow at all in 2016). The figure would have been a lot higher if it were not for the sharp contraction of mining (-10.8%) as industrial manufacturing expanded by 4.8%, and construction by 1.5%.

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