Future Payback from Energy Reform

MEXICO - Report 24 Dec 2013 by Mauricio González and Ernesto Cervera
Executive Summary Last week the national statistics office released its report on aggregate demand for the third quarter of 2013. Demand grew 1.5% compared to the same July-September period of a year earlier (GEA had estimated a 1.6% increase). During the second quarter of 2013, demand grew 2.2%. Growth in private consumption slowed to 2.3% in July-September 2013 from the 3.8% average rate recorded for the second quarter of this year) at the same time as growth in government consumption hastened its pace (+1.8% yoy after having edged a mere 0.1% higher during the second quarter of 2013). Th...

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