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Mexico.- Economic activity in Mexico posted 4.1% year-to-year growth in May, reacting to dynamism in three production sectors, headed by an 8.2% increase in activities related to agriculture and cattle raising.
In its monthly report on the behavior of the Economic Activity Global Indicator, the Mexican Statistics Agency, Instituto Nacional de Estadistica y Geografia (INEGI), pointed-out that in May 2012 primary activity posted 8.2% growth over even term in 2011, followed by 4.8% increase in tertiary activities focused on services, not including the financial system, and 3.1% expansion in secondary or industrial activities.
The figures disclosed by the Statistics Agency are higher than analysts expected for May, when they had forecasted 3.95% increase in economic activity in Mexico, according to a survey made among specialists by Reuters, the news agency.
Source: mx.ibtimes.com