Mexican economy grows 2.8pc in Q2
Sunday, 24 August 2008
MEXICO CITY, Aug 23 (AFP): Mexico's economy grew by 2.8 per cent in the second quarter of 2008, within predictions revised down last April, the National Institute of Statistics and Geography said.
Total growth for the first half of 2008 was 2.7 per cent.
"The gross domestic product (GDP) rose 2.8 per cent in real terms during April to June 2008 compared with the same period in 2007," a statement said.
The primary sector rose 4.4 per cent, due notably to agriculture and farming activities.
Growth in public services, manufacturing and construction helped the secondary sector increase by 1.3 per cent, despite a 9.1-per cent drop in the mining sector.
The tertiary sector grew by 3.5 per cent, with expansion in business, financial and real estate services.
Total growth for the first half of 2008 was 2.7 per cent.
"The gross domestic product (GDP) rose 2.8 per cent in real terms during April to June 2008 compared with the same period in 2007," a statement said.
The primary sector rose 4.4 per cent, due notably to agriculture and farming activities.
Growth in public services, manufacturing and construction helped the secondary sector increase by 1.3 per cent, despite a 9.1-per cent drop in the mining sector.
The tertiary sector grew by 3.5 per cent, with expansion in business, financial and real estate services.