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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