Industrial production grows in Mexico

Industrial production in Mexico grew by 6.9 % year-on-year between January and November 2021 following a rebound in the eleventh month of the year of 1.6 %, the National Institute of Statistics and Geography (Inegi) reported on Tuesday. 

The January to November figure was the result of the increase in manufacturing (9 %), construction (7.7 %) and mining (1.7 %), partially offset by the fall in the generation and transmission of electricity, water and gas (0.6 %), the agency said in a statement. Meanwhile, in the eleventh month of the year, industrial activity rose by 1.6 % year-on-year thanks to the increase in manufacturing (2.8 %) and mining (1.8 %), while electricity generation fell by 1.7 % and construction by 0.6 %. 

In seasonally adjusted figures, industrial activity fell by 0.1 % in November with respect to the previous month due to the rise in mining (0.4 %) compared to the fall in electricity generation (1.2 %) and construction (0.6 %), while manufacturing remained unchanged. 

In June 2020, the so-called “new normality” began, with a gradual opening of the economy and social activities. 

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