MEXICO CITY, June 17 (Reuters) – Mexico’s economy grew 24.8% in May compared with the same month last year, as a recovery from a slump induced by the coronavirus pandemic gathered pace, a preliminary estimate published by national statistics agency INEGI showed on Thursday.
A breakdown of the figures showed that secondary activities, which include manufacturing, were up by 36.4% from May 2020. Meanwhile tertiary activities, which encompass the service sector, expanded by 19.8% over the same period.
If the preliminary estimate is confirmed, May’s activity was only about 0.4% behind the level…
