© Reuters. Fruits are displayed for sale at an outdoor market in Mexico City, Mexico on January 23, 2022. Photo taken on January 23, 2022. REUTERS/Luis Cortes
MEXICO CITY (Reuters) – Mexico’s economy likely expanded by 0.4% in April from March on a seasonally adjusted basis, preliminary estimates from national statistics agency INEGI showed on Thursday.
INEGI said it expects economic activity to rise by 1.8% in April compared to a year earlier.
Mexico’s economy expanded 0.9% in the first quarter from the previous three months, according to preliminary data last month, although the figure was slightly below expectations. It was the first quarterly increase in three quarters.