Mexico GDP Growth Rate QoQ
Services account for 62% of the overall Gross Domestic Product in Mexico. The wholesale and retail trade (16%), real estate (10%), transport, warehousing, and communications (7%), as well as financial services and insurance (6%), are the most important segments within services. 18% accounts for the industry output and the biggest segments in this sector are the automobile industry accounting for 4% of total GDP following by the food industry accounting for 3.8%. Construction, water, gas, and electricity distribution (8%), mining (5%), government (4%), and agriculture, forestry, fishing, and hunting (3%) are all accounting for the remaining fraction.
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 |
|
|
18.9914 -10821 pips |
20.0581 +154 pips |
20.0735 | |
| EURMXN |
|
|
18.6777 -22617 pips |
0 +209394 pips |
20.9394 | |
| GBPMXN |
|
|
25.2562 +145 pips |
0 +252417 pips |
25.2417 |
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 | 690 days ago
