Financial News: Mexico Q4 GDP Growth Eases More Than Estimated

Mexico Q4 GDP Growth Eases More Than Estimated

02/21/2025 - 07:31:00 (RTTNews)

(RTTNews) - Mexico's economic growth eased slightly more than initially estimated in the fourth quarter, the latest data from the National Institute of Statistics and Geography, or INEGI, showed on Friday.

Gross domestic product advanced an unadjusted 0.5 percent year-over-year in the December quarter versus a revised 1.7 percent growth in the September quarter. In the flash estimate, the rate of expansion was 0.6 percent.

The slowdown in growth was largely due to a 4.0 percent renewed contraction in the primary sector. The secondary activity also shrank 2.0 percent, while the tertiary sector growth eased slightly to 2.1 percent from 2.2 percent.

On a seasonally adjusted basis, GDP dropped 0.6 percent in the fourth quarter, as estimated, after rising 0.9 percent in the third quarter.

During the year 2024, the Mexican economy grew 1.2 percent compared to 2023, revised down from 1.3 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Fed's Daly Says Policymakers Can Wait For More Clarity Around Trade Policies (48 min(s), 11 sec(s) ago)
(RTTNews) - The Federal Reserve can make more reductions as projected earlier but policymakers sho ...Full Story»

Slovenian Producer Prices Rise 1.2% (05 min(s), 11 sec(s) ago)
(RTTNews) - Slovenia's producer prices increased for the second straight month in March, figur ...Full Story»

Italy Construction Output Grows Most In 6 Months (33 min(s), 11 sec(s) ago)
(RTTNews) - Italy's construction output expanded for the second straight month in February and ...Full Story»

Italy Trade Surplus Shrinks In February (38 min(s), 11 sec(s) ago)
(RTTNews) - Italy's foreign trade surplus decreased in February from a year ago as imports gre ...Full Story»

Moldova Producer Price Inflation Rises To 4.7% (51 min(s), 11 sec(s) ago)
(RTTNews) - Moldova's producer prices increased for the third straight month in March and at a ...Full Story»

Malaysia Economic Growth Eases, Trade Surplus Grows (41 min(s), 11 sec(s) ago)
(RTTNews) - Malaysian economic growth eased further in the first quarter of 2025 amid a contractio ...Full Story»

Japan Nationwide Inflation Climbs 3.6% On Year In March (24 min(s), 11 sec(s) ago)
(RTTNews) - Overall consumer prices in Japan were up 3.6 percent on year in March, the Ministry of ...Full Story»

Japan Inflation Data Due On Friday (50 min(s), 11 sec(s) ago)
(RTTNews) - Japan will on Friday release March figures for national consumer prices, highlighting ...Full Story»