Economic Growth of Mexico Slowed in Q4

The economic status of Mexico had slowed down during the fourth quarter as the growth in services also dropped while the output level of the industrial production came in flat, based on the initial statistics released on Tuesday. The GDP increased by 0.6 percent, however relatively 1.0 percent lower than Q3 data, according to INEGI, a Mexican statistical agency.

On the other hand, the gross domestic product last Q4 in 2015 grew by 2.2 percent based on an annual rate. The industrial sector was unable to make positive adjustments from third to fourth quarter, as stated in the preliminaries of INEGI on Tuesday. The US demand for Mexican products is weak which further weighed on the factory production.

The economist's outlook for 2017 was down to 1.5 as shown in the Banamex poll, the slashed is due to the possible perils that could affect the investments of Latin America's second-largest economy brought by the policies of D.Trump.

Moreover, the agricultural sector of the country got 0.4 percent gain from Q3 to Q4. The complete data will be issued on February 22.