Mexico City – Mexico's economy looks like it might be on the up and up.
The country's gross domestic product grew 3.3 percent in the second quarter compared with the same period in 2010, the Inegi statistics agency said Friday.
A consensus forecast of private sector economists consulted by Citigroup subsidiary Banamex called for a year-on-year gain of 3.6 percent.
Minus seasonal adjustments, GDP climbed 1.11 percent in April-June from the first quarter, when growth came in at 4.6 percent, according to the Inegi report.
Analysts expected some slowing of the Mexican economy due to anemic growth in the United States, this nation's top trading partner.
President Felipe Calderon's administration estimates Mexican GDP will expand by 4.3 percent in 2011, while the central bank is calling for growth in the range of 3.8 percent to 4.8 percent.
Inegi recently released revised figures showing that GDP increased 5.4 percent last year after contracting 6.5 percent in 2009, Mexico's worst economic slowdown since the 1930s.