Mexican economy bounces in December as all sectors grow
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A drone view shows the Manzanillo seaport as Mexican authorities bet on positive economic growth and the strength of global trade building an expansion to the port named "Nuevo Manzanillo", in Manzanillo, Mexico, April 22, 2025. REUTERS/Daniel Becerril
MEXICO CITY, Feb 23 (Reuters) - Mexico's economic activity expanded in December with all three sectors posting growth, rebounding from a contraction the previous month, the national statistics agency (INEGI) said on Monday.
Mexico's economy grew 0.4% in December from November, INEGI said in a report, compared with a revised decline of 0.1% the prior month. The economic activity exceeded a 0.2% increase in a Reuters forecast by analysts.
The month-on-month growth was mainly driven by a 6.5% increase in the primary sector. The secondary sector, including construction and manufacturing, and the labor-intensive tertiary sector, both recorded a more modest increase of 0.2%.
Compared to the same month last year, Mexico's economy grew 3.3% in December, beating forecasts of a 2.6% increase.
(Reporting by Aida Pelaez-Fernandez and Ricardo Figueroa; Editing by Chizu Nomiyama )
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