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The Mexican economy is contracting faster than expected in the third quarter

November 25 (Reuters) – Mexico’s economy contracted 0.4 percent from the previous three-month period in the third quarter, seasonally adjusted data from the national statistics bureau showed on Thursday, with a sharp decline in service sector activity driving the decline.

The number was an adjustment from previously released preliminary data, which showed a smaller 0.2% decline for the quarter. A Reuters poll predicted the final data would show a 0.3% decrease in activity.

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Reporting by Miguel Angel Gutierrez, Ricardo Figueroa and Marion Giraldo; Editing by Frank Jack Daniel

Our Standards: The Thomson Reuters Trust Principles.

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