Industrial activity improved by 1.3% y/y in 1H14 in Mexico

Mexico’s INEGI (Instituto Nacional de Estadística y Geofrafía) has released figures on industrial activity in the country in June 2014.

Industrial production fell by 0.18% compared to May 2014. Within this, manufacturing contracted by 0.68% m/m and mining declined by 0.62% m/m. Construction experienced positive growth of 1.21% m/m and generation, distribution and transmission of electrical energy, supply of water and gas improved by 0.03% m/m.

Industrial production in Mexico in June 2014 was 2% higher than in June 2013. In comparison to the corresponding month last year, improvements were reported for all sectors with the exception of mining (-1.3% y/y). Construction and industrial manufacturing were up 2.2% y/y and 3.4% y/y, respectively.

The June report notes that construction sector growth, which was partially boosted by greater building and housing activity, has driven demand for construction materials and equipment.

In 1H14, industrial activity was up 1.3% on 1H13. This includes a 3.4% y/y rise in industrial manufacturing but a 1.6% y/y and 0.7% y/y decrease in construction and mining, respectively.

Adapted from press release by Louise Fordham

Read the article online at: https://www.worldcement.com/the-americas/13082014/mexico-1h14-industrial-activity-statistics-287/