MEXICO CITY (Reuters) -Mexico’s economy likely slightly picked up steam in the second quarter, buoyed by growth in the manufacturing and service sectors that offset weakness in agricultural activity, a Reuters poll showed on Tuesday.<\/p>\n
Gross domestic product likely expanded 0.4% in the second quarter from the previous quarter in seasonally adjusted terms, according to the median forecast of 13 analysts.<\/p>\n
The forecast compares with 0.2% growth in the January-March period, when Latin America’s second-largest economy narrowly avoided a feared technical recession.<\/p>\n
“The improvement of industrial activity, particularly in construction, and the resilience of services likely offset weak agricultural output and underpinned second-quarter growth,” said Pantheon Macroeconomics.<\/p>\n
In unadjusted terms, however, the economy was seen having expanded by 0.2% compared with the same period a year earlier, the slowest pace of growth since early 2021.<\/p>\n
Looking ahead, the outlook points to a challenging second half of the year, mainly due to persistent uncertainty surrounding the trade policies of the United States, Mexico’s top trading partner.<\/p>\n
Mexico’s national statistics agency, INEGI, is scheduled to release the preliminary second-quarter GDP data on Wednesday.<\/p>\n
The International Monetary Fund on Tuesday updated its outlook for Mexico, forecasting the economy will grow 0.2% this year. Although that is an improvement over the 0.3% contraction expected in the IMF’s April report, it would still mark the economy’s worst performance since the pandemic.<\/p>\n
(Reporting by Gabriel Burin in Buenos Aires; Writing by Noe Torres in Mexico City; Editing by Leslie Adler)<\/p>\n","protected":false},"excerpt":{"rendered":"MEXICO CITY (Reuters) -Mexico’s economy likely slightly picked up steam in the second quarter, buoyed by growth in…\n","protected":false},"author":2,"featured_media":45888,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[36206,28,101,22389,26,3925,36205,36208,36207],"class_list":["post-45887","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-agricultural-activity","tag-business","tag-economy","tag-gross-domestic-product","tag-mexico","tag-mexico-city","tag-mexicos-economy","tag-pantheon-macroeconomics","tag-service-sectors"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/45887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=45887"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/45887\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/45888"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=45887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=45887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=45887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}