Mexican industrial output flat in January as manufacturing sags
Mexico City: Mexican industrial output was flat in January from the previous month as a drop in manufacturing production offset gains in mining, construction and utilities, the national statistics agency said on Tuesday.
Industrial output was 0.9 percent higher when measured on a year-over-year basis.
Among the various components, manufacturing fell 0.5 percent from December while construction climbed 0.5 percent, utilities rose 2 percent and mining gained 1.6 percent. On a year-over-year basis, mining was down 5 percent, construction was up 4 percent and utilities rose 1.6 percent.
Mexico’s industrial output is tightly linked to the U.S. economy, which receives about 80 percent of its exports.
U.S. President Donald Trump’s threats to leave the North American Free Trade Agreement have triggered uncertainty in Mexico, which sends mostly factory-made goods like televisions and cars to its northern neighbor.