Industrial production in Mexico decreased 0.3 last April

Industrial production in Mexico fell by 0.3% in April compared to the same month in 2016, due to the decrease of three of its four components, according to the National Institute of Statistics and Geography (INEGI).

This figure was the result of 9.5% declines in mining, 2.6% in construction and 1.2% in power generation and water and gas supply, while the manufacturing industry grew by 5%, 1% in its annual comparison.

According to seasonally adjusted data, industrial activity had an annual decrease of 0.3% in April compared to March.

Construction fell 1.7%, mining production fell by 0.9% and electricity and water and gas supply by 0.3%, while the manufacturing industry grew by 0.6% compared to the month previous.

Mexico’s gross domestic product (GDP) increased by 2.3% in 2016, down from 2.5% in 2015, but up from 2.1% in 2014 and 1.4% in 2013.

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