GDP in four years has the best start – La Verdad de Tamaulipas

Cd. of México.- In the first quarter of 2016, economic activity in the country surprised all and sundry with a rise of 0.8 percent, the highest for the beginning of year since 2013.

This, compared to last quarter of 2015, seasonally adjusted show of the National Institute of Statistics and Geography (INEGI) figures. This annualized figure would mean an increase of 3.24 percent.

This announcement, which anticipates the final results will be announced on 20 May, it shows that industrial activities were the highest increase in the first three months of this year, with 1.5 percent; followed by agriculture with 1.2 percent, and finally the services, with an increase of 0.8 percent over the previous quarter.

In the annual comparison, seasonally adjusted data account for an advance of 2.9 percent compared with the same quarter last year.

by sector, annual rate seasonally adjusted, from January to March this year, the agricultural sector grew 3.0 percent, while industrial advanced 2.2 percent and services grew 3.7 percent.

“economic activity had an encouraging performance during the first quarter, accelerating GDP rate of quarterly and annual growth,” said Eduardo Gonzalez, an analyst Banamex.

“the growths were higher than those reported for the fourth quarter of 2015, when the quarterly advance was 0.5 percent (2.2 percent annualized) and the annual 2.5 percent,” he added .

the specialist added that for the first time in a long time, the results were better than expected.

However, he considered that it will take the dynamics of the economy world coming quarters to make adjustments to forecasts, while recognizing the significant role played by the domestic market in the evolution of GDP.

Alejandro Cervantes, an economist at Banorte-IXE, stressed that the economy Mexican accelerated in the first quarter of the year, where services remain the main engine of economic growth.

the domestic demand continues to show improved performance derived from the increase in the purchasing power of Mexican households and the largest investment they have made companies to the more positive outlook that prevails for Mexico given the approval of structural reforms, said Cervantes.

in October 2015, the INEGI first presented the results of the timely estimate of GDP.