MONTERREY (Reuters) - Mexico’s central bank estimates Latin America’s no. 2 economy grew 0.6 percent in the first quarter compared with the prior three months, deputy governor Manuel Sanchez said on Thursday.
“We believe that in the first quarter the economy grew at 0.6 percent probably, when adjusted for seasonal swings with respect to the prior quarter,” Sanchez said at an event in Monterrey.
The bank lowered its growth estimate for the year to 2.3 to 3.3 percent from 3 to 4 percent on Wednesday.
Mexico’s statistics office will release growth figures for the first quarter on Friday.
Reporting by Gabriela Lopez