UPDATE 1-Mexico’s economic activity advances in November compared to the previous month

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MEXICO CITY, Jan 25 (Reuters) – Mexico’s economic activity advanced 0.3% in November from October, data from the statistics institute showed on Tuesday, reducing somewhat the risk that Latin America’s second-largest economy has slipped into recession. in the second half of last year.

The seasonally adjusted growth was marginally higher than the 0.2% figure forecast in a Reuters poll of analysts, and compared with a 0.2% monthly contraction in October.

Meanwhile, preliminary data for December showed the economy had shrunk 0.2% compared to the same month a year earlier.

The Gross Domestic Product (GDP) contracted in the third quarter of 2021. Two consecutive quarters of negative growth would mean that the country would have entered a technical recession.

In original figures, the economy expanded 1.7% since November.

(Reporting by Dave Graham. Editing by Miguel Angel Gutiérrez)



Reference-www.infobae.com

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