Mexican industrial production comes in flat sequentially and falls year-on-year in March

Mexican industrial production came in flat in real terms in the month of March on a sequential basis, showed INEGI. On a year-on-year basis, industrial output fell 3.7 percent, as compared with market projections of a fall of 3.1 percent.

Component wise, manufacturing industries rose 2.1 percent. On the contrary, the generation, transmission and distribution of electricity, water and gas supply by pipelines to the final consumer dropped by 4.2 percent. Mining and construction activity also recorded falls in the month, dropping 1.5 percent and 0.7 percent, respectively on a sequential basis.

On a year-on-year basis, manufacturing industries rose 3.4 percent and construction rose 0.1 percent. In the meantime, mining recorded a fall of 6.5 percent and the Generation, transmission and distribution of electric energy, water and gas supply by pipelines to the final consumer fell 2.8 percent year-on-year.

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