During the first quarter of 2018, Mexico recorded a year-over-year growth rate of 2.33%, which supposed an acceleration of 0.86 p.p. compared to the previous quarter. This behavior was mainly due to the quarterly acceleration experienced by domestic demand. Regarding the labor market, the unemployment rate decreased to 3.14%. The Mexican peso appreciated against the US dollar, and registered an average exchange rate of 18.55 MXN/USD during the first quarter of the year.
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