During the fourth quarter of 2017, the Mexican economy recorded a deceleration of 0.21 p.p. in its year-over-year growth rate in comparison with the previous quarter, standing at 1.47%. The y/y growth rate of industrial activity index decelerated 0.13 p.p. to -0.63%. Regarding the labor market, the unemployment rate went down compared to the third quarter of 2017, reaching 3.35%, and the year-over-year growth rate of employment decelerated 0.66 p.p., standing at 1.42%. The Mexican peso depreciated against the US dollar, registering an exchange rate of 18.97 MXN/USD. Lastly, the inflation stood at 6.59%.
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