Estimates show Mexican GDP expanded at faster than expected rate in 2016 3rd quarter

The Mexican National Institute of Geography and Statistics (INEGI) released a report on 31 October 2016 estimating that third quarter GDP growth reached 1 percent (Expansion). INEGI's figures exceeded analysts’ estimates of 0.8 percent growth (Expansion). Third quarter growth in 2016 would represent a 1.9 percent increase the country’s GDP compared to the same quarter in 2015. The INEGI said the GDP of the primary and tertiary sector activities rose 4.5 percent and 3.3 percent respectively, while secondary activities contracted by 1.0 percent compared to 2015 (Informador). Although the estimates are positive for the Mexican economy, concrete data used to calculate final GDP figures will be published on 23 November 2016 (Expansion).