During the third quarter of 2019, Mexico recorded a year-over-year growth rate of -0.22%, a decrease of 0.37 p.p. from the previous quarter. This behavior was mainly due to the weakness registered in consumption, fixed investment and manufactured exports that explained the lower evolution. Regarding prices, inflation reached 3.31% in 3Q19. Concerning the labor market, the unemployment rate increased to 3.54%. The Mexican peso depreciated against the dollar, recording an average exchange rate of 19.44 MXN/USD during the third quarter of the year.
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