Mexico's industrial output posts biggest drop in more than two years
Reuters
Published Sep 11, 2017 09:47AM ET
Mexico's industrial output posts biggest drop in more than two years
MEXICO CITY (Reuters) - Mexican industrial output unexpectedly sank in July, marking its worst performance in more than two years, on sharp contractions in building and mining, official data showed on Monday.
Industrial production fell 1.0 percent in July from June <MXIP=ECI> in its biggest monthly drop since May 2015, the national statistics agency said. A Reuters poll forecast a 0.1 percent expansion after flat growth in June.
Among the various components, mining output was down 1.4 percent on a month-on-month basis, while construction shrank 2.1 percent and utilities dipped 0.3 percent. Factory production rose 0.3 percent.
Mexico's government revised up slightly its 2017 growth forecast to between 2.0 percent and 2.6 percent when it submitted its 2018 budget on Friday after stronger-than-expected growth in the first half of the year.
Industrial output was 1.6 percent lower year-over-year <MXIPY=ECI>.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.