Mexico's economy grows 3.7 pct in Q1, 2023

STORY: Mexico's economy grows 3.7 pct in Q1, 2023 DATELINE: May 27, 2023 LENGTH: 00:01:05 LOCATION: Mexico City CATEGORY: ECONOMY SHOTLIST: 1. various of cityscape in Mexico City 2. various of bank clerks counting STORYLINE: Mexico's economy grew 3.7 percent in the first quarter of this year compared with the same period in 2022, according to revised figures released by the National Institute of Statistics and Geography (Inegi) Friday. The service sector, the largest contributor to the economy, grew 4.3 percent year-on-year in Q1, while industrial activity grew 2.5 percent. The agricultural sector, with a minimal contribution to the GDP, expanded by 2.3 percent year-on-year in the same period. On April 28, Inegi reported a preliminary growth of 3.9 percent between January and March. Xinhua News Agency correspondents reporting from Mexico City. (XHTV)

Mexico's economy grows 3.1 percent in 2022: report

STORY: Mexico's economy grows 3.1 percent in 2022: report DATELINE: Feb. 25, 2023 LENGTH: 00:01:05 LOCATION: Mexico City CATEGORY: ECONOMY SHOTLIST: 1. various of cities views of Mexico City 2. various of bank clerk counting STORYLINE: Mexico's economy grew 3.1 percent in 2022, supported mainly by industrial activity, according to figures released Friday by the National Institute of Statistics and Geography (Inegi). The number represents a slight upward revision, compared with the 3.0 percent growth preliminarily reported by Inegi on Jan. 31. Industrial activity, with strong links to its U.S. counterpart, grew 3.3 percent last year, according to the institute. The service sector, which contributes the bulk of the gross domestic product (GDP), increased by 2.8 percent in 2022, while agricultural activity rose at the same rate of 2.8 percent, Inegi reported. Xinhua News Agency correspondents reporting from Mexico City. (XHTV)

Mexico's inflation slows to 7.8 pct in November

STORY: Mexico's inflation slows to 7.8 pct in November DATELINE: Dec. 9, 2022 LENGTH: 00:01:31 LOCATION: Mexico City CATEGORY: ECONOMY SHOTLIST: 1. various of Mexico's central bank 2. various of commercial banks STORYLINE: Mexico's annual inflation rate slowed to 7.8 percent through November year on year, due to a decrease in the price of some foods and liquefied petroleum gas (LPG), the National Institute of Statistics and Geography (Inegi) said Thursday. According to Inegi's monthly report, the national consumer price index (CPI) rose 0.58 percent in November compared to the previous month. Core inflation, closely monitored by the central bank of Mexico (Banxico), stood at 8.51 percent through November, after registering a 0.45 percent increase for the month compared with October. The price of onions fell 23.59 percent in November compared to October, while the price of domestic LPG dropped 2.29 percent. In a report issued separately, Mexico's Monex Financial Group said the slowing in inflation to 7.