forex newsMEXICO: Industrial Output Rises 0.3% In May From A Year Earlier

MEXICO: Industrial Output Rises 0.3% In May From A Year Earlier

The industrial output in Mexico rose 0.3% in May from a year before, losing strength from the previous month when the output increased 3.8%, according to the country’s statistics office (Inegi).

On a monthly and seasonally adjusted comparison, the Mexican industrial output increased 0.1% in May. In April, the production fell 0.4%.

The mining sector output, which includes production from the oil sector, decreased 6.6% in May from a year before and fell 0.7% compared to April.

The construction sector output was up 0.3% on an annual basis and fell 0.9% on a monthly comparison, while the energy, water and gas production fell 2.7% in May from a year before and dropped 4.5% from April.

The manufacturing sector output was 2.8% higher in May from the same month in the previous year and rose 1.9% from April.

The material has been provided by InstaForex Company – www.instaforex.com

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