Mexico’s economy rebounded in the third quarter, official data showed on Tuesday, helped by stronger industrial output and a jump in services that reflected a surge in consumer confidence in the wake of elections.
The economy grew 0.9 percent in seasonally adjusted terms in the third quarter, bouncing back from a 0.2 percent contraction in the previous three-month period, according to a preliminary estimate from national statistics agency INEGI.
Growth in services was supported by the biggest jump in consumer confidence on record after the landslide victory of leftist Andres Manuel Lopez Obrador in July’s . . .
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Return of Superpeso? The Mexican Peso Reached its Best Day in 17 Days on Thursday The Mexican peso experienced its best day in over two weeks on Thursday, bolstered by the weakening U.S. dollar as macroeconomic data from the United States signaled that the Federal Reserve (Fed) could begin reducing the cost of credit next week. The peso registered a gain of 1.62%, or 32.11 cents, closing at 19.4724 pesos…
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