The Economy of Mexico Rebounds

Updated on Sunday 18th February 2018

The economy of Mexico rebounded more than predicted in the fourth quarter of 2017, as the preliminary information shows, while the jurisdiction had to recover from two overwhelming earthquakes which hindered the business activity between July and September. In this article, our company formation advisors in Mexico give a bit more details on this news. We can also assist entrepreneurs to open a company in Mexico.

More information on this growth in Mexico

The GDP (Gross Domestic Product) in the second largest economy of Latin America increased with about 1% in seasonally adjusted terms during the period between October and December, in comparison with the same time frame of the previous year, as declared by a national agency in January of this year.
A Reuters survey showed a forecasted rise of 0.6%. The economy of Mexico rebounded after decreasing with 0.3% in the third quarter of 2017, while the state was recovering from two overwhelming earthquakes which obstructed the activity between July and September of the same year.
Data proved that the industrial sector rose by 0.1% in the fourth quarter compared to the last one, which happened because of a decrease of the oil production. Our company registration consultants in Mexico can help you open a company here.
The agriculture increased with 3.1% on a quarter-to-quarter basis and the services rose by 1.2%.
The Central Bank of Mexico is projected to climb the interest rates once more in February of this year to contain an upwelling in the inflation. Analysts declared that higher prices and more costly loans could affect the consumer demand.
A local agency declared that the economy of Mexico increased 1.8% in unadjusted terms when compared to the same period of the previous year.

The exports in Mexico

Our company formation agents in Mexico strongly believe it is worth mentioning that the total exports rose by 0.5% in December of 2017, after climbing to 5.6% in November.
Last year, the total exports increased with 7.5%, the manufacturing exports rose by 6.4% and the oil exports reached an increase of 23.8%.
The oil exports increase which was registered last year largely resulted from higher oil costs, and not from an increase in the export volumes.
For further details on the Mexico economy rebound news, or for help in setting up a company in Mexico, please contact our friendly staff.