laht.com
MEXICO CITY –
Mexico’s IGAE economic activity index rose 2.6 percent in January relative to
the same month of 2014, driven by growth in the agricultural sector, the
National Institute of Statistics and Geography, or Inegi, said
Wednesday.
In a statement, Inegi said the rise in that index was the
result of 13.4 percent growth in primary activities (agriculture), an 0.8
percent increase in secondary activities (services) and a 3.1 percent rise in
tertiary activities (manufacturing).
In seasonally adjusted terms, the
IGAE rose 0.2 percent in January compared to December thanks to a 6.7 percent
increase in agricultural activity and a 0.4 percent rise in the services sector,
while manufacturing contracted by 0.4 percent.
The IGAE is a preliminary
indicator that indicates the direction of Mexico’s economy in the short
term.
Mexico’s gross domestic product rose 2.1 percent in 2014, up from
the 1.4 percent growth rate registered in 2013 but well short of the
government’s forecast for 3.9 percent growth.
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