LatAm Daily | Mexico’s 2Q15 GDP growth slightly above consensus
Published on Friday, August 21, 2015
LatAm Daily | Mexico’s 2Q15 GDP growth slightly above consensus
Summary
GDP grew 0.5% QoQ in 2Q15. The services sector (+0.9%) benefited from government expenditure during the elections, but growth was dragged by the primary sector (-1.6%), and could decelerate further if there is no improvement in the primary and secondary sectors. Brazil's jobless rate topped consensus implying that private consumption may fall in 3Q15.
Geographies
- Geography Tags
- Latin America
- Colombia
- Brazil
- Mexico
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Cecilia Posadas
BBVA Research - Principal Economist
Enestor Dos Santos
BBVA Research - Principal Economist
Jorge Selaive
Juana Téllez
BBVA Research - Chief Economist
Carlos Serrano
BBVA Research - Chief Economist
Hugo Perea
BBVA Research - Chief Economist
Alejandro Faci