mexico economy

Mexican economy grows 3.0 percent

August 22, 2017

In the second quarter of 2017, the Mexican economy grew 3.0 percent compared to the same period last year, with seasonally adjusted figures, which confirms the timely estimation of the Gross Domestic Product (GDP) and accumulates 30 quarters with consecutive annual increases.

The National Institute of Statistics and Geography (INEGI, for its acronym in Spanish) reported that by components, the GDP of Tertiary Activities rose by 4.1 percent, Primary by 0.9 percent and Secondary by 0.5 percent over the second quarter of 2016.

Thus, GDP from April to June of this year, 3.0 percent, was . . .

This independent news site is supported by subscribers.



Trending News on PVDN

  • Early High Season Anticipated for Puerto Vallarta TourismEarly High Season Anticipated for Puerto Vallarta Tourism PUERTO VALLARTA (PVDN) - Local hoteliers are bracing for a robust end-of-year surge in tourist arrivals, a welcome boost following a challenging summer season. Álvaro Garci-arce Monraz, the president of Puerto Vallarta's Hotel and Motel Association, shared an optimistic outlook for the coming months. "We faced a challenging summer, deviating from our expectations. However, while…
  • Health Officials in Puerto Vallarta Urge Return to Face Mask Usage as Covid-19 Cases Rise in RegionHealth Officials in Puerto Vallarta Urge Return to Face Mask Usage as Covid-19 Cases Rise in Region PUERTO VALLARTA (PVDN) - Health officials are ringing the alarm bells as an uptick in COVID-19 cases has been recorded in the Eighth Health Region, where Puerto Vallarta is located. In response to the growing concern, the director of the VIII Health Region has recommended reinstating face mask usage in closed environments. He also emphasized…
  • Puerto Vallarta Achieves Six Blue Flag Distinctions for 2023-2024 SeasonPuerto Vallarta Achieves Six Blue Flag Distinctions for 2023-2024 Season PUERTO VALLARTA - In a notable step toward environmental preservation, Puerto Vallarta, the picturesque beach city on the Mexican Pacific coast, proudly announces securing six Blue Flag Distinctions for the 2023-2024 season, reinforcing the region's commitment to the sustainable management of its beaches. The Blue Flag Distinction is a sought-after accolade that denotes a beach's…
  • Tourists Discover Body of Woman in Waters Off Puerto Vallarta, You Won't Believe What Happened NextTourists Discover Body of Woman in Waters Off Puerto Vallarta, You Won’t Believe What Happened Next In a heart-pounding incident on the waters off the coast of Puerto Vallarta, Mexico, horrified tourists witnessed a lifeless body floating amidst the relentless waves. The spine-chilling ordeal began when Nicole, a German native residing in Mexico, decided to indulge in an evening dip on Monday. Unknown to her, the perilous currents had other plans…
  • Cartels are the Fifth Largest Employer in Mexico with 175,000 'Employees'Cartels are the Fifth Largest Employer in Mexico with 175,000 ‘Employees’ PUERTO VALLARTA (PVDN) - In a groundbreaking study unveiled this Thursday in the esteemed journal Science, researchers from the Complexity Science Hub in Vienna disclosed that drug trafficking ranks as the fifth largest employer in Mexico, engaging between 160,000 and 185,000 individuals. The study also revealed that thwarting new recruitment is crucial to diminishing the…
  • Puerto Vallarta Among Top Hotel Occupancy in Mexico, DataTur ReportsPuerto Vallarta Among Top Hotel Occupancy in Mexico, DataTur Reports PUERTO VALLARTA (PVDN) - DataTur figures reveal that Puerto Vallarta clinched the sixth spot nationwide for hotel occupancy from January to July. According to the Federal Ministry of Tourism (Sectur), there was a reported arrival of 50.4 million tourists in hotel rooms in this period. Notably, national tourists dominated the statistics, with 36.9 million, or…
  • International Beach Cleanup Day Witnesses Massive Turnout in Puerto VallartaInternational Beach Cleanup Day Witnesses Massive Turnout in Puerto Vallarta PUERTO VALLARTA (PVDN) - Monday saw beaches in Puerto Vallarta thronged not just by sun-seekers but also by scores of volunteers. Marking International Beach Cleanup Day, dozens from various walks of life – including municipal agencies, businesses, educational institutions, and even tourists – heeded the municipal government's call to arms. Under the stewardship of Professor…
  • Puerto Vallarta Observes National Civil Protection Day With Earthquake DrillsPuerto Vallarta Observes National Civil Protection Day With Earthquake Drills PUERTO VALLARTA (PVDN) – As part of the National Civil Protection Day on September 19, the second national drill of the year was conducted with two different earthquake scenarios. The exercise included a 7.2-magnitude earthquake with a hypocenter northeast of Chapala and an 8.0-magnitude earthquake with an epicenter in Acapulco. The regional command of the…
  • Russian Regiment Participates in Mexico's Independence Day Military Parade, Sparking Backlash from UkraineRussian Regiment Participates in Mexico’s Independence Day Military Parade, Sparking Backlash from Ukraine PUERTO VALLARTA (PVDN) - The participation of a Russian regiment in Mexico's 213th Independence Day celebrations has stirred diplomatic tensions, with Oksana Dramaretska, the Ukrainian ambassador to Mexico, openly criticizing President Andrés Manuel López Obrador's (AMLO) neutrality stance. The traditional military parade on September 16, held in the Zócalo of Mexico City (CDMX), saw several…
  • Day of the Carro was Celebrated in Puerto Vallarta with the Traditional ParadeDay of the Carro was Celebrated in Puerto Vallarta with the Traditional Parade PUERTO VALLARTA (PVDN) - The vibrant heart of Puerto Vallarta throbbed to the rhythm of hooves and traditional Mexican music this Thursday as the city celebrated Charro Day with a spectacular parade. Braving the intense sun, more than 150 charros, escaramuzas, and musicians, adorned in the traditional finery of the charrería, took to the streets…