UPDATE 1-Mexican economy grows 3.42 pct in Feb from yr ago

(Adds background, detail)

MEXICO CITY, April 27 (BestGrowthStock) – Mexico’s economy grew
3.42 percent in February from a year earlier, slightly less
than expected, the national statistics agency said on Tuesday.

Analysts had forecast growth of 3.6 percent in the IGAE
indicator (MXIGDP=ECI: ), according to a Reuters poll.

Mexico’s economy also expanded 0.46 percent from January
after a month-over-month contraction of 1.03 percent from
December.

Mexico’s economy is recovering from its deepest recession
since the 1930s as Americans buy more cars, televisions and
refrigerators made south of the border.

The farming and livestock sector recorded the widest gains,
with 8 percent expansion from a year ago. The sector that
includes mining, construction and power expanded by 4.4
percent.

Stock Market Today

(Reporting by Patrick Rucker; Editing by Dan Grebler)

UPDATE 1-Mexican economy grows 3.42 pct in Feb from yr ago