Mexico’s Economy Gains Momentum with Revised Q4 Growth Surge

According to data released Monday by the national statistics institute, Inegi, Mexico’s gross domestic product (GDP) grew 0.9% in the fourth quarter on a seasonally adjusted basis. This figure represents an upward revision from the 0.8% preliminary estimate issued in January, signaling a more robust recovery than previously anticipated.

Sector Performance and Revisions

The growth was underpinned by balanced gains across the country's primary economic engines. Both industrial production and the services sector saw a 0.9% increase, which effectively offset a 1.4% decline in agricultural output. This broad-based activity allowed the economy to reach its highest growth rate in five quarters.

The report also adjusted historical data, turning a previously reported third-quarter contraction into a 0.1% expansion. These cumulative revisions brought total economic growth for the full year to 0.6%. On an unadjusted basis, the economy expanded 1.8% compared to the same period the previous year.