India, Aug. 22 -- The Mexican economy expanded less than initially estimated in the second quarter, the latest data from the National Institute of Statistics and Geography, or INEGI, showed on Friday.
Gross domestic product advanced a seasonally adjusted 0.6 percent sequentially, faster than the 0.3 percent rebound in the first quarter. In the flash estimate, the rate of increase was 0.7 percent.
The growth was largely due to 0.8 percent expansions in the tertiary and secondary activities. Meanwhile, primary sector activities logged a decline of 2.4 percent.
On an annual basis, the Mexican economy stagnated in the June quarter after growing 0.9 percent in the March quarter. The growth rate was revised down from 0.1 percent.
For comments...