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Mexico's industrial activity expands 0.2% in July

Activity shows 0.6% increase on annual basis

Mexico's industrial activity expands 0.2% in July
2024-09-11 17:47:32

ISTANBUL

Mexico's industrial activity expanded 0.2% in July with seasonally adjusted figures compared to the previous month, the statistical authority said Wednesday.

The figure followed an expansion of 0.4% in June.

The construction sector grew 2.6%, while mining increased 2.4%, but manufacturing industries contracted 0.8%, the National Institute of Statistics and Geography (INEGI) said in a statement.

On an annual basis, industrial activity increased 0.6% with seasonally adjusted figures, following an annual increase of 0.4% in June.

The construction sector annually grew 4.4%, followed by energy generation, transmission and distribution with 2.7%.

Annually, however, mining decreased 0.2%, while manufacturing industries contracted 0.6%.