GDP rose 1.5% in 1st half of 2024, says statistics agency.

Mexico’s gross domestic product (GDP) is estimated to show an annual growth of 1.1% with seasonally adjusted series in real terms during the second quarter, according to the country’s statistics agency INEGI.

The GDP is estimated to record an increase of 0.2% in real terms, compared to the previous quarter.

Secondary and tertiary activities are estimated to grow 0.3% each at a quarterly rate, but primary activities are down 1.7%, in the second quarter.

In the first half of 2024, GDP rose 1.5% compared to the same period in 2023, INEGI said in a statement.

The North American country’s economy grew 2.4% in the fourth quarter, while it expanded 3.2% in 2023.