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MADRID (Euronews) – Mexico’s gross domestic product (GDP) grew by 0.2% in the second quarter compared to the first quarter of the year, according to data from the National Institute of Statistics and Geography (Inegi).
This low result was due to a quarterly decline in the primary industry, which fell by 0.2%. Meanwhile, the secondary and tertiary industries grew by 0.3% and 0.1% respectively compared to the first quarter.
Mexico’s GDP grew 1.4% compared with the second quarter of last year, a downward revision of three-tenths from the data released a month ago.
In this case, the primary sector again drove the decline in year-on-year growth, as the sector shrank by 2.5% (a drop of three tenths more than expected).
For its part, activity within the secondary sector grew by 0.4%, equivalent to a downward revision of one tenth. The tertiary sector was higher, growing by 1.5% (two tenths less).
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