Mexican economy recovers in third quarter as trade worries fade

October 30, 2018

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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