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Mexico industrial output falls most in over 3 years

Staff Writer | November 12, 2016
Mexico's industrial production fell 1.3 percent year-over-year in September, its biggest drop in over three years.
Mexico industrial output
LatAm   Mexican industrial output rose 0.1 percent
Mexican industrial output rose 0.1 percent in September from August in seasonally adjusted terms, the national statistics agency INEGI said.

Mexico's economy is on track to post its fastest growth in more than two years as services growth picked up in the third quarter even as industrial output shrank, data published last month showed.

Nonetheless, according to INEGI's initial estimates at the time, the industrial sector contracted 0.1 percent from the April-June period. Weak demand in the United States for Mexican-made goods has weighed on Latin America's second biggest economy.

Construction rose 1.4 percent, its fastest expansion since July 2015. Factory output, however, fell 0.1 percent in September.

Mexico sends mostly factory-made goods like televisions and cars to its northern neighbor and automobile exports have been stronger than many other goods this year.