Industrial production in Mexico sub 4.3% in January

Industrial production in Mexico rose by 4.3% year-on-year in January due to the rise in all sectors, especially mining, the National Institute of Statistics and Geography (INEGI) reported on Friday.

This figure was the result of the rise in mining (10.6%), manufacturing industries (3.8%), generation and transmission of electricity, water and gas (1.1%), and construction (0.7%), the agency specified in a statement.

In seasonally adjusted figures, industrial activity increased 1% in January compared to the previous month due to the rise in mining (7%) and manufacturing (0.3%), while construction (0.2%) and electricity generation fell. (0.2%).
“Compared to December 2021, industrial activity increased 1%. In its annual comparison, the indicator increased 4.3% in real terms,” INEGI president Graciela Márquez explained on Twitter.

For this 2022, most institutions and analysts estimate that the Mexican economy will grow around 2.3%.

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