Current:Home > MyMexico’s economy ekes out 0.1% expansion in 4th quarter, posts growth of 3.1% for 2023 -VitalWealth Strategies
Mexico’s economy ekes out 0.1% expansion in 4th quarter, posts growth of 3.1% for 2023
View
Date:2025-04-13 09:06:06
MEXICO CITY (AP) — Mexico’s economy barely eked out a 0.1% increase in the fourth quarter, bringing estimated growth for 2023 to 3.1%, according to preliminary figures published Tuesday by Mexico’s National Statistics Institute.
The institute said that services advanced 0.1% in the fourth quarter, agricultural output declined by the same amount and manufacturing remained unchanged.
Inflation declined to 4.66% by the end of 2023, but domestic interest rates remained high at 11.5%. High rates at home and abroad increased the cost of servicing Mexico’s debt, the Treasury Department acknowledged.
Mexico’s peso remained strong Tuesday at about 17.20 to $1 and the Mexican stock exchange’s main index was trading slightly higher.
veryGood! (57)
Related
- Matt Damon remembers pal Robin Williams: 'He was a very deep, deep river'
- Father and daughter killed in deadly Ohio house explosion, police say
- Father and daughter killed in deadly Ohio house explosion, police say
- NFL schedule release video rankings 2024: Which teams had the best reveal of season slate?
- The GOP and Kansas’ Democratic governor ousted targeted lawmakers in the state’s primary
- Lionel Messi's salary is more than 25 of 29 MLS teams. Here's what he's making in 2024.
- House panel considers holding Garland in contempt as Biden asserts privilege over recordings
- New Caesars Sportsbook at Chase Field allows baseball and betting to coexist
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Bones found in 1989 in a Wisconsin chimney identified as man who last contacted relatives in 1970
Ranking
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Jurors see gold bars in Bob Menendez bribery trial
- French police fatally shoot a man suspected of planning to set fire to a synagogue
- Filipino activists decide not to sail closer to disputed shoal, avoiding clash with Chinese ships
- Vance jokes he’s checking out his future VP plane while overlapping with Harris at Wisconsin airport
- Walmart Yodeling Kid Mason Ramsey Is All Grown Up at 2024 ACM Awards
- Chris Pratt Speaks Out on Death of His Stunt Double Tony McFarr at 47
- Want to step into a Hallmark Christmas movie? New holiday event promises just that.
Recommendation
Elon Musk’s Daughter Vivian Calls Him “Absolutely Pathetic” and a “Serial Adulterer”
NFL distances itself from Chiefs kicker Harrison Butker’s comments during commencement speech
Jessica Biel Defends Bathing in 20 Lbs of Epsom Salt Ahead of 2024 Met Gala
Sen. Bob Menendez reveals his wife has breast cancer as presentation of evidence begins at his trial
Euphoria's Hunter Schafer Says Ex Dominic Fike Cheated on Her Before Breakup
'Never resurfaced': 80 years after Pearl Harbor, beloved 'Cremo' buried at Arlington
Alaska lawmakers end their session with late bills passing on energy, education
Half of Amazon warehouse workers struggle to cover food, housing costs, report finds