Mexican industrial production likely to have performed well in May

In 2017, the Mexican economy has surprised on the upside so far. However, certain data points, particularly on gross fixed investment and confidence, have disappointed, noted Wells Fargo in a research report. Industrial production is expected to have performed well in May, which will aid in dispelling current doubts about the economy’s performance, stated Wells Fargo.

Special attention should be given to the performance of manufacturing production following the seasonal weakness seen in April. If the weakness continues to persist, it will add to the worries for the remainder of this year.

Some weakness is already seen for automobile demand in the U.S. and further softness in Mexican manufacturing production might be a reflection of such a softening demand environment in the U.S., added Wells Fargo.

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