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Oct 31 - Mexico's economy expanded for the eighth consecutive quarter between July and September, driven by domestic consumption and industrial activity, a preliminary estimate from national statistics agency INEGI showed on Tuesday.
However, Jason Tuvey, deputy chief emerging markets economist at Capital Economics, said a"slowdown is on the cards" as monetary policy takes a heavier toll and weaker growth in the U.S. weighs on Mexico’s external sector. Tuvey also added the breakdown of the data shows strong growth in the primary and secondary sectors more than offset weaker growth in the tertiary sector.
Last week, Deputy Finance Minister, Gabriel Yorio, said the Mexican economy would grow by at least 3.5% this year.
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