Mexico's GDP rebounds 12.1 pct in Q3


MEXICO CITY, Nov. 26 (Xinhua) -- Mexico's gross domestic product (GDP) rebounded 12.1 percent in the third quarter of 2020 compared to the previous quarter, the National Institute of Statistics and Geography (Inegi) reported Thursday.

GDP growth from July to September followed an unprecedented 17 percent drop in the second quarter, due to the impact of the novel coronavirus (COVID-19), according to Inegi's revised seasonally adjusted figures.

A breakdown by sector showed industrial activity grew 21.7 percent between July and September, followed by the services sector (8.8 percent) and the agricultural sector (8 percent).

Mexico's GDP fell 8.6 percent in the third quarter year on year, for an accumulated drop of 9.6 percent in the first nine months of the year, Inegi reported.

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