MEXICO CITY, April 24 (Reuters) – Mexico’s economic activity expanded slightly in February but missed expectations, extending its rough patch since the start of the year, official data showed on Friday.
Mexico’s economy expanded 0.1% in February from the prior month, the national statistics agency said, compared with a revised decline of 0.7% in January. The economic activity missed a 0.5% increase forecast by analysts in a Reuters poll.
Month-on-month, activity in the primary sector and the labor-intensive tertiary sector declined by 0.1% and 0.3%, respectively.
Meanwhile, the secondary sector, including construction and manufacturing, grew 0.4%.
On an annual basis, the economy also missed forecast with a 0.3% decline, while analysts expected a 0.6% increase.
(Reporting by Aida Pelaez-Fernandez, Jorge Ollero and Ricardo Figueroa;Editing by Tomasz Janowski)
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