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Mexico economy grows 3.3 pct in third quarter

Mexico economy grows 3.3 pct in third quarter Mexico's economy grew 3.3 percent in the third quarter, dragged down by weakness in the manufacturing sector despite strong farm output. Compared to the second quarter, gross domestic product expanded by a seasonally adjusted 2.15 percent, the government said on Wednesday. It had predicted third-quarter growth of around 3.5 percent from the same period a year ago, while a Reuters poll of analysts produced a consensus forecast of 3.2 percent growth. Manufacturing grew only 0.2 percent in the third quarter as sluggishness at factories, including assembly plants that supply the struggling U.S. auto industry, limited

Mexico Industrial Output Probably Rose 3.9 Percent in November

Mexico Industrial Output Probably Rose 3.9 Percent in November Mexico's industrial output probably grew at its fastest pace in seven months in November, led by a surge in construction and automobile production. Industrial output rose 3.9 percent in November from the same month last year after increasing 2.6 percent in October and 1.2 percent in September, according to the median of 15 economists surveyed by Bloomberg. The pickup in industrial production indicates Latin America's second-largest economy is recovering from a slump as it benefits from stronger growth in the U.S., the buyer of about 85 percent of its exports. Industrial

Wall St still cheers for Mexico peso, Brazil real

MEXICO CITY, Aug 18 (Reuters) - Mexico cut its forecast for 2005 economic growth to 3.5 percent after sluggish U.S. demand for car exports unexpectedly slowed expansion in the second quarter, a senior presidential advisor said on Thursday. The government said this week Mexico's second-quarter gross domestic product grew only 3.1 percent, pushing its previous year-end growth forecast of 3.8 percent out of reach. "That now looks a bit more difficult. We would have to have a very strong second half to achieve that growth," Eduardo Sojo, who is President Vicente Fox's public policy coordinator, told Radio Formula in an interview. "We still

Mexico sees growth slowing to 3.5 pct in 2007

Mexico sees growth slowing to 3.5 pct in 2007 Mexicos economic growth will slow to an insufficient rate of about 3.5 percent next year, the central bank said on Monday, adding that increased productivity and competitiveness were vital to job creation. Guillermo Guemez, the central banks deputy governor and a voting member of its five-man monetary policy board, said a slowdown in the United States and the wider global economy would affect Mexicos growth under President-elect Felipe Calderon, who begins his six-year term on Dec. 1. Mexican gross domestic product expanded 5.1 percent in the first half of this year and is

UPDATE 1-Mexico gross fixed investment up 8.3 pct in May

UPDATE 1-Mexico gross fixed investment up 8.3 pct in May Mexican gross fixed investment, a measure of spending on machinery, equipment and construction, rose 8.3 percent in May from the year-ago period amid expectations of export growth, the government said on Monday. The number was higher than expected by analysts, whose median estimate was 7.75 percent in a Reuters poll. Mexico's government expects exports to grow at least 10 percent this year, led by oil but including solid growth in the manufacturing sector despite increasing competition in U.S. markets from China. Investment in imported machinery and equipment, up 16.1 percent year-on-year, accounted for the

Professor predicts Calderon will win in Mexico

Professor predicts Calderon will win in Mexico I arrived in Toluca Friday morning to cloudy skies and 45-degree weather. This city is the polar opposite of Acapulco, where I left last night with 77 degrees at midnight. Last week, when I would ask an Acapulqueño who would win Sundays election, the quick response was AMLO (Andres Manuel Lopez Obrador), but they might try to steal the votes. Today, I am asking the same question to Toluqueños. One taxi drivers answer has been typical. He paused, trying to consider the possible scenarios (or maybe trying to size up my bias) and then

UPDATE 2-Mexico cuts 2005 growth forecast to 3.5 pct

UPDATE 2-Mexico cuts 2005 growth forecast to 3.5 pct Mexico's finance ministry on Tuesday cut its forecast for economic growth this year to 3.5 percent after manufacturers hit a soft patch due to weaker U.S. demand and a slump in agricultural output. Alejandro Werner, the ministry's chief economist, said the economy would pick up pace in the second half of the year but that growth in gross domestic product would be less than earlier forecasts of 3.8 percent. Mexico's economy grew a tame 3.1 percent in the second quarter, way below forecasts, as farming output fell and weak U.S. demand hit Mexico's

UPDATE 3-Mexico cuts 2005 growth forecast to 3.5 pct

UPDATE 3-Mexico cuts 2005 growth forecast to 3.5 pct Mexico's Finance Ministry on Tuesday cut its forecast for economic growth this year to 3.5 percent after manufacturers hit a soft patch because of weaker U.S. demand and a slump in agricultural output. Alejandro Werner, the ministry's chief economist, said the economy would pick up pace in the second half of the year but gross domestic product growth would be less than earlier forecasts of 3.8 percent. Mexico's economy grew a tame 3.1 percent in the second quarter, way below forecasts, as farming output fell and weak U.S. demand hit Mexico's car and truck

Mexico Bolsa Rises on Economy, Led by Corp. Geo: Latin Stocks

Mexico Bolsa Rises on Economy, Led by Corp. Geo: Latin Stocks Mexican stocks rose and headed for a fifth straight weekly gain, led by homebuilder Corporacion GEO SA, as the government reported that the economy expanded faster than economists estimated in the third quarter. The Bolsa index of the most-traded stocks in Mexico City rose 90.05, or 0.6 percent, to 16,545.44, a record. The index gained 2.5 percent for the week. Elsewhere in Latin America, Brazil's Bovespa was little changed today, rising 15.37, or less than 0.1 percent, to 31,102.37, for a 2 percent gain in the week. The Bolsa

UPDATE 1-Mexico central bank sees 2006 growth near 3.5 pct

UPDATE 1-Mexico central bank sees 2006 growth near 3.5 pct Mexico's central bank governor Guillermo Ortiz said on Thursday the economy will grow close to 3.5 percent this year, a lukewarm performance with presidential elections looming in July. Ortiz said he expected gross domestic product to rise between 3 and 3.5 percent. "It looks more likely that we will be in the upper end of the range," he told reporters. President Vicente Fox pledged before taking office in 2000 to deliver growth rates approaching 7 percent a year, but his proposals for tax, labor and energy reforms have been blocked by the opposition-dominated