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Mexico economy to keep up the pace of expansion

March 26 2013

The Mexican economy will continue to expand in the near term, but the rate of expansion is unlikely to pick up, according to The Conference Board. The leading economic index for Mexico rose 1.9 percent in January to a reading of 126.1 from December’s reading of 123.7, The Conference Board reported Monday.

In addition, the index rose 1.9 percent in the six-month period ending January, up from an increase of 0.9 percent for the previous six months. Strengths among the leading indicators have become more widespread than weaknesses in recent months.

Mexico’s real gross domestic product grew by a 3.1 percent annual rate in the fourth quarter of 2012, up from a 1.5 percent annual rate in the third quarter.

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