UPDDATE 1-Mexico economy grows 3.2 pct in 2nd qtr vs 1st qtr

(Rewrites throughout with context)

MEXICO CITY, Aug 20 (BestGrowthStock) – Mexico’s economy grew 3.2
percent in the second quarter from the previous three-month
period (MXGDPQ=ECI: ) in a sign of economic recovery, though a
contraction in June pointed to weakness for Latin America’s
second-largest economy.

In annual terms, the economy expanded 7.6 percent compared
to a year earlier (MXGDPY=ECI: ), the national statistics agency
said on Friday. That was above the 7.4 percent increase
forecast in a Reuters poll.

A monthly indicator of economic activity also released on
Friday. It indicated that the economy contracted 0.4 percent in
June from the previous month (MXIGAE=ECI: ).

That report showed growth of 6.77 percent in June from a
year earlier (MXIGDP=ECI: ), below the 7.0 percent reading
expected by analysts.
(Reporting by Patrick Rucker, Editing by W Simon )

UPDDATE 1-Mexico economy grows 3.2 pct in 2nd qtr vs 1st qtr