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Mexico GDP Growth Rate YoY

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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.

Category:  GDP Annual Growth Rate
Units: Percent
Details
Impact: Medium
Country:
Currency: MXN
Latest Release
Previous: 3.9%
Consensus: 3.9%
Actual: 3.7%
Next Release
No data

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
18.0317
+6752 pips
18.3341
-9776 pips
17.35649
Symbol Action Percentage Volume Positions
USDMXN Short 14% 9.90 lots 42
Long 86% 62.43 lots 172
0% of traders are currently trading USDMXN.
EURMXN
18.8547
+2851 pips
24.3630
-57934 pips
18.56965
Symbol Action Percentage Volume Positions
EURMXN Short 70% 1.02 lots 43
Long 30% 0.44 lots 8
0% of traders are currently trading EURMXN.
GBPMXN
21.5470
-397 pips
0
+215867 pips
21.58671
Symbol Action Percentage Volume Positions
GBPMXN Short 100% 0.09 lots 2
Long 0% 0.00 lots 0
0% of traders are currently trading GBPMXN.