June 26, 2017 / 1:33 PM / 9 months ago

UPDATE 1-Mexican economy grows 0.1 pct in April from March

 (Adds details on components of economy, background)
    MEXICO CITY, June 26 (Reuters) - Mexico's economy picked up
slightly in April from the prior month as an expansion in
services offset a slump in industrial output.
    The economy grew 0.1 percent in April from March, the
national statistics agency said on Monday, after posting two
negative monthly readings in a row. 
    Services grew 0.5 percent, month-on-month, compared to a 0.3
percent decline in industrial output and a 0.9 percent drop in
agricultural production, the data showed.
    Mexico's economy is seen growing around 2 percent this year
by the government and analysts after data showed no major impact
during the first quarter from the cloud of uncertainty over U.S.
trade policy under President Donald Trump. 
    Still, the data showed the economy contracted 0.7 percent
from April of 2016.
    A separate report from the statistics office showed the
seasonally adjusted unemployment rate ticked down to 3.5

 (Reporting by Michael O'Boyle)
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