Mexican economy likely grew 0.4% in April vs March, estimate shows

MEXICO CITY (Reuters) -Mexico’s economy likely grew by 0.4% in April versus March in seasonally adjusted terms, a preliminary estimate from national statistics agency INEGI showed on Thursday.

Economic activity is expected to have expanded by 1.8% in April compared with the same month a year earlier, INEGI said.

Mexico’s economy grew 0.9% in the first quarter from the previous three-month period, preliminary data showed last month, though the figure was slightly below forecasts. It was the first quarterly growth in three quarters.

(Reporting by Ricardo Figueroa and Marion Giraldo)

tagreuters.com2022binary_LYNXNPEI4I0F2-VIEWIMAGE