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

Semarnat Clears 926-Room Resort North of Playa del Carmen

Semarnat Clears 926-Room Resort North of Playa del Carmen

Federal approval for a 926-room resort north of Playa del Carmen revives questions about growth,...
Playa del Carmen readies for a heavier sargassum season

Playa del Carmen readies for a heavier sargassum season

Playa del Carmen may need temporary cleanup workers this summer as rising sargassum tests beach...

Los Cabos quake triggers checks in San José del Cabo

A 4.1 quake near San José del Cabo was felt across Los Cabos, prompting damage...
Puerto Vallarta pushes public-space recovery and flood-mitigation works

Puerto Vallarta is pairing neighborhood space recovery with flood-mitigation

Puerto Vallarta is pairing neighborhood space recovery with flood-mitigation works in Las Juntas before the...