The National
Institute of Statistics and Geography (Instituto Nacional de Estadística y
Geografía, INEGI) reported on Monday that Mexico’s industrial output jumped 0.6
per cent m-o-m in September after an unrevised 0.5 per cent m-o-m fall in August.
This represented the strongest monthly
increase in industrial production since May (+0.7 per cent m-o-m).
On a y-o-y
basis, however, industrial production declined 0.4 per cent in September, following
an upwardly revised 0.4 per cent drop (from -0.9 per cent) in the previous
month.
Economists had predicted
a flat y-o-y performance for September.
According to the report, industrial output declined in mining (-4.5 per cent y-o-y) and construction (-2.3 per cent y-o-y) but increased in manufacturing (+0.8 per cent y-o-y).