Mexico's steel industry GDP grows 1.2 percent in Q3

Monday, 28 November 2022 23:16:47 (GMT+3)   |   San Diego
       

The GDP of the Mexican steel industry increased 1.2 percent annually in the third quarter of this year. It is the sixth straight increase, although growth was below 4.3 percent of the economy's overall GDP, according to an analysis of data from national statistics agency Inegi.

Inegi noted that the steel industry is limited to the basic metal industries, thus its GDP represented 0.97 percent of Mexico's total GDP. In almost three decades (since 1993), that percentage share is one of the lowest. The greatest contribution was in the first quarter of 1998 with 1.64 percent.

The GDP of Mexico overall reached USD$1.4 trillion in Q3, and the GDP of the steel industry reached USD$13.7 billion in the third quarter of 2022.


Similar articles

Mexico's GDP grows 3.3 percent in Q3

31 Oct | Steel News

Gross fixed investment in Mexico rises 5.9 percent in January

07 Feb | Steel News

Consumer confidence in Mexico grows 3.4 percent in January

06 Feb | Steel News

Mexican economy grows 3.5 percent in Q4

31 Jan | Steel News

Mexican economic activity in November increases slightly

25 Jan | Steel News

Mexican economic activity increases in June

25 Aug | Steel News

Mexican economic activity increases in April

25 Jun | Steel News

Mexican economic activity declines in May

28 Jul | Steel News

Mexican economic activity declines in March

27 May | Steel News

Mexican economic activity declines in July

27 Sep | Steel News