Puerto Vallarta News

Puerto Vallarta 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

manaña

Mañana and Ahorita: Mexican Time Culture for Expats Who Want to Fit In

Mexican time culture can feel confusing at first. Learn why “a la hora latina” matters,...
Mexican peso strengthens

Mexican peso strengthens while the dollar slips again

Mexican peso strengthens to a 2025 high as US jobs and retail data calm markets,...
Cabo boat parade

Cabo boat parade hits 25 boats and one big message this year

Cabo boat parade drew families as 25 lit boats sailed Mar y Christmas, backed by...
Puerto Vallarta new buses

Puerto Vallarta new buses finally roll in after delay

Puerto Vallarta gets 31 new buses, including 10 electric, after an 11-month delay. Officials say...