Publication Date:
Sat, 2010-05-01 15:14
The Treasury Department says exports grew significantly in part due to a rebound in U.S. industrial production.
Oil revenues rose 17.7 percent largely due to higher crude prices. Oil production fell 3.1 percent compared with the first quarter of 2009 - The department's Friday report says the annual rate of inflation rose to 5 percent. It was 3.6 percent at the end of 2009.
Mexico posted 2.9 percent growth in last year's third quarter and a 1.2 percent rise in the fourth quarter. The economy shrank 6.8 percent overall in 2009, hit hard by US recession.
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