The economy of the state of Sinaloa showed a rebound during the penultimate quarter of 2024, driven by its services sector, according to figures reported by INEGI.
The latest published data on the State Economic Activity Quarterly Indicator (ITAEE) indicates that the productive activity of the entity expanded at a quarterly rate of 1.8% in the period from July to September, recovering from a decline of 2.3% in the previous quarter, in seasonally adjusted figures. This advance surpassed the national average, which was 0.9% in the same period.
The data shows a quarterly growth of 2.8% in the distribution of goods and services activities, placing Sinaloa in the top 10 states with the best performance in the tertiary sector during that period.
According to the Council for Economic Development of Sinaloa (CODESIN), between January and September of the previous year, the services sector was boosted by a notable growth in trade of 5.6%, in educational services with an increase of 3.4%, in transportation, mail and storage with an advance of 2.5%, and in professional, scientific and technical services with a rise of 2.7%.
The services and tourism sector represents 67% of the state Gross Domestic Product (GDP) in Sinaloa. In fact, of the 1.45 million workers registered at the end of the previous year, 65% concentrated in the services sector, 22% in industry, and 13% in agricultural activities, according to the National Occupation and Employment Survey (ENOE).
Furthermore, according to information from the state government, the services sector, in particular, has shown solid growth, reflecting a positive outlook for the economy of Sinaloa in the analyzed period.
