Mexican economic activity in December declined 3.7 percent, year-over-year, according to data released on Thursday by statistics agency, Inegi. Despite the year-over-year decline, Mexican economic activity in December slightly rose 0.1 percent, month-over-month.
Primary activities in December rose 1.6 percent, year-over-year. On the other hand, secondary and tertiary activities in December dropped 3.2 percent, and 4.3 percent, respectively, both on a year-over-year basis.
Inegi said primary activities in December declined 4.3 percent, month-over-month. However, secondary and tertiary activities in December grew 0.1 percent, and 0.4 percent, both on a month-over-month analysis.