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industrial production in Mexico grew by 1% year on year in the first three quarters of 2024, despite a decline in September and due in particular to constructionThe National Institute of Statistics and Geography (Inegi) announced this on Monday.
The data was the result of a year-on-year increase based on the original figures, construction (6.3%), production, transmission and distribution electrical energy and delivery water And gas (2%), and production (0.3%).
Against, mining Compared to the same period in 2023, it fell by 3.9%.
In September alone, Mexico’s industrial production fell 0.4% year on year as a result of decreases V mining (-4.5%) and construction (-23%).
This was compensated growths in a generation electrical energysupply water and from gas (1.2%) and production (0.8%).
Meanwhile, monthly production activity indicator (IMAI) rose 0.6%, seasonally adjusted, in September last year compared to the previous month.
This was due to the monthly advance construction (0.7%) and production (1%), and despite failures V mining (-1.3%) and energy production electricsupply water and from gas (-1.1%).
The numbers reflect behavior belonging economy Mexico, which grew 1.5% year-on-year in the third quarter of 2024, up 1.7% for the year, according to a timely estimate from Inegi.
industrial production In Mexico, it increased by 3.5% annually in 2023, especially driven by construction and growth in all areas.
EFE
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
