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Mexico's economy grows 3.2 percent in Q4 of 2012


14:24, February 19, 2013

MEXICO CITY, Feb. 18 (Xinhua) -- The Mexican economy grew by 3.2 percent year-on-year in the last quarter of 2012, official figures showed.

In a statement on Monday, National Institute of Statistics and Geography (INEGI) said the growth was thanks to increases in all the three sectors of the economy -- the primary, secondary and tertiary sectors.

The primary sector, which includes agriculture, livestock, forestry, fishing and hunting, grew 7.2 percent.

The secondary sector, boosted by increases in mining, electricity, gas and water supply, construction and manufacturing industries, grew 1.8 percent.

The tertiary sector, including trade, real estate, transportation and warehousing, grew 3.4 percent.

On a seasonally adjusted quarter-to-quarter comparison, the Mexican economy rose 0.77 percent from October to December.

Mexico's central bank has estimated that the country's economy will expand between 3 percent and 4 percent in 2013.

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