UPDATE 2-Mexican economy shrinks less than expected in Nov.

(Adds breakdown of economic sectors in paragraph 6)

MEXICO CITY, Jan 27 (BestGrowthStock) – Mexico’s economy shrank
less than expected in November from a year earlier and rose
from the previous month in a sign of continued economic
recovery, the national statistics agency said on Wednesday.

The growth index slipped 1.47 percent in November from a
year earlier. Analysts had forecast a decline of 1.7 percent,
according to a Reuters poll.

Compared with October, economic activity was up 1.51
percent. The economy has been climbing unevenly since hitting a
low point in May 2009.

Mexico emerged from a deep recession at the end of last
summer but analysts are looking for clues about how quickly the
economy will rebound and when inflation will emerge as a

In recent months, key indicators like unemployment have
been improving, while policy makers have said they are not
unduly concerned about rising prices in the medium term.

The service and industrial sectors shrank 2 percent and 1
percent, respectively, in November compared with last year, but
agriculture improved 1.9 percent.

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(Reporting by Patrick Rucker; Editing by Leslie Adler)

UPDATE 2-Mexican economy shrinks less than expected in Nov.