Even so, Latin America’s second-largest economy has recorded 11 consecutive quarters of growth.
The modest quarterly growth was led by a slight increase of 0.3% in both secondary activities, which include manufacturing, and tertiary activities, which include services.
In contrast, primary activities, which include agriculture, fishing and mining, fell 1.7%.
On an annual basis, GDP grew 2.2% in the second quarter, above the 1.6% increase in the original figures for the previous period and slightly better than analysts’ expectations of 2.1%, marking its 13th consecutive quarter of expansion.
Final second quarter GDP figures will be released on August 22.
In the second quarter of 2024 and with seasonally adjusted figures, the Timely Estimate of #GDP Quarterly varied 0.2% at a quarterly rate.
By economic activity, the quarterly variations were:
⬇️-1.7%, primaries
⬆️ 0.3%, secondary
⬆️ 0.3%, tertiary(1/3) pic.twitter.com/LmVFF7HDZo
— INEGI INFORMS (@INEGI_INFORMA)
July 30, 2024
