Mexico Industrial Output Falls More than Expected
2024-12-12
Category: economic

Mexico’s industrial output dipped by 2.2% from the previous year in October of 2024, following a revised 0.3% decrease in the prior month and more than an expected 0.6% fall.
This marked the third consecutive month of contraction in industrial activity and the most pronounced since March.
Steep declines in construction (-8.5% vs -1.6% in September) and mining & quarrying (-6.9% vs -4.4%) more than offset increases in utilities (1.2% vs 1%) and manufacturing (0.5% vs 0.8%).
On a seasonally adjusted monthly basis, industrial output shrank by 1.2% in October, after a 0.6% rise in the prior month and compared with market forecasts of a 0.2% fall.