Mexico's industrial production declines 0.9 percent in March

2023-05-14 09:35:25

(MENAFN) The number came in worse than market evaluate of a 0.2 percent reduction, whereas industrial production flowed 0.5 percent in February.

Industrial production in mining reduced by 3.5 percent, but construction increased by 1.3 percent, as mentioned by the National Institute of Statistics and Geography (INEGI).

On a yearly basis, industrial activity was 1.6 percent higher in March, in comparison with the same month of past year.

That number also came less than the market anticipation of a 2.7 percent earn, while it presented growth of 3.3 percent in February.

Despite the fact that industrial production in mining increased 2.5 percent on an annual basis, construction surged 2 percent, as stated by the records.

At a yearly percentage and with termly attuned sequences, the monthly industrial action indicator raised by 1.5 percent in actual terms in March, INEGI stated in a report.

MENAFN14052023000045015682ID1106240219

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.