Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Mexico’s economy slows as industry sputters

Mexican growth slowed more than expected in the fourth quarter as industry contracted by the most in over two years despite steady services expansion, data showed on Tuesday.

The economy MXGDPQ=ECI grew by about 0.5 percent from the prior quarter, below the 0.8 percent rate in the third quarter and expectations of 0.6 percent from analysts in a Reuters poll.

The industrial sector, which has been hit by sinking oil prices and production at state oil giant Pemex [PEMX.UL], fell 0.4 percent compared to the third quarter, its biggest drop since the second quarter . . .

Read Full Story

Related Posts

Profeco suspends Nuevo Vallarta pharmacy over excessive prices

Profeco suspends Nuevo Vallarta pharmacy over excessive prices

Profeco suspended sales at a Nuevo Vallarta pharmacy after finding missing prices and charges above...
Royal Caribbean Mahahual Plan Clears Key Court Hurdle

Royal Caribbean Mahahual Plan Clears Key Court Hurdle

A court ruling lifts one legal brake on Royal Caribbean’s Mahahual project, but environmental review...
Puerto Vallarta Hosts 36th International Sports Classic

Puerto Vallarta Hosts 36th International Sports Classic

Puerto Vallarta’s 36th International Sports Classic brings basketball, soccer, tennis and a Sunday charity run...
Cancún Police Certification Plan Seeks Public Trust

Cancún Police Certification Plan Seeks Public Trust

Cancún is advancing a police certification process focused on training, protocols, oversight and professional standards.