Fabrib
Forumer storico
MEXICO CITY -- Mexico's economic growth lost momentum in the fourth quarter of 2018 as a decline in industrial output partially offset gains in services and agricultural production.
Gross domestic product, a measure of output in goods and services, expanded 0.3%, seasonally adjusted, from the third quarter, bringing growth for the full year to 2%, the National Statistics Institute said Wednesday. Industrial output fell 1.1% from the third quarter, while services increased 0.8%, and agricultural production was 1.9% higher.
In unadjusted terms, GDP grew 1.8% from the fourth quarter of 2017.
The increase from the previous quarter translates into an annualized rate of 1.2%, down from 3.4% annualized growth in the third quarter. Full-year growth at 2% also marked a slight slowdown from 2017, when the economy expanded 2.1%.
Further deceleration is expected for 2019, the first year under the government of President Andrés Manuel López Obrador, whose first budget includes moderate spending increases and targets a primary surplus -- excluding debt payments -- equal to 1% of GDP.
Gross domestic product, a measure of output in goods and services, expanded 0.3%, seasonally adjusted, from the third quarter, bringing growth for the full year to 2%, the National Statistics Institute said Wednesday. Industrial output fell 1.1% from the third quarter, while services increased 0.8%, and agricultural production was 1.9% higher.
In unadjusted terms, GDP grew 1.8% from the fourth quarter of 2017.
The increase from the previous quarter translates into an annualized rate of 1.2%, down from 3.4% annualized growth in the third quarter. Full-year growth at 2% also marked a slight slowdown from 2017, when the economy expanded 2.1%.
Further deceleration is expected for 2019, the first year under the government of President Andrés Manuel López Obrador, whose first budget includes moderate spending increases and targets a primary surplus -- excluding debt payments -- equal to 1% of GDP.
