LatAm Daily | Mexico’s 2Q15 GDP growth slightly above consensus

Summary

GDP grew 0.5% QoQ in 2Q15. The services sector (+0.9%) benefited from government expenditure during the elections, but growth was dragged by the primary sector (-1.6%), and could decelerate further if there is no improvement in the primary and secondary sectors. Brazil's jobless rate topped consensus implying that private consumption may fall in 3Q15.

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