Advertisement
Mexico GDP Growth Rate YoY
The second-largest economy in Latin America, Mexico has an export-oriented economy, more than 90% of trade is conducted under free trade agreements. Services make for 62% of overall GDP. Within services, the largest segments are wholesale and retail trade (16%), real estate (10%), transport, warehousing, and communications (7%), and financial services and insurance (6%). Industry accounts for 18% of output and the major segments within this sector are the automobile industry (which accounts for 4% of total GDP) and the food industry (which accounts for 3.8% of total GDP). Construction, water, gas, and electricity distribution (8%), mining (5%), government (4%), and agriculture, forestry, fishing, and hunting (3%) account for the remaining portion.
A higher than expected figure should be seen as positive (bullish) for the MXN while a lower than expected figure should be seen as negative (bearish) for the MXN.
Forex Sentiment (MXN)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| USDMXN |
|
|
18.1566 -4728 pips |
19.3056 -6762 pips |
18.6294 | |
| EURMXN |
|
|
19.3252 -25006 pips |
21.9265 -1007 pips |
21.8258 | |
| GBPMXN |
|
|
25.2092 -1080 pips |
25.4912 -1740 pips |
25.3172 |
News (MXN)
Mexico GDP Growth Slows To 3.5% Amid Tertiary Sector Slowdown
Mexican economic growth moderated in the fourth quarter after accelerating in the previous two quarters, largely led by a deceleration in the growth of the tertiary sector, preliminary data from the National Institute of Statistics and Geography, or INEGI, showed on Tuesday. Gross domestic product advanced an unadjusted 3.5 percent year-over-year in the December quarter.
RTTNews | 890 days ago
