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

Chihuahua Wins Vallarta Food Contest as Latvia Shines

Chihuahua Wins Vallarta Food Contest as Latvia Shines

Chihuahua won the new Sabores del Mundo contest at Puerto Vallarta’s folklore festival, with Latvia...
Attempted ATM theft inside a Playa del Carmen hotel

Men Disguised as Workers Fail to Steal Playa del Carmen Hotel ATM

Men dressed as construction workers tried to remove an ATM from a Playa del Carmen...
Drought expands to 15.4 percent of Mexico

Drought expands to 15.4 percent of Mexico

Drought-affected areas in Mexico rose to 15.4% as heat and dry weather spread, with below-average...
Los Cabos Agrees to Sierra Inspection After Outcry

Los Cabos Agrees to Sierra Inspection After Outcry

Los Cabos officials say no construction permits exist for Sierra de la Laguna and agreed...