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Mexico's industrial activity grew zero percent in March

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Staff Writer |
Mexico manufacturing
LatAm   Manufactures increased 2.9 percent in Mexico

Industrial activity, which accounts for less than one-third of the value of Mexico's economy, remained stagnated in March.

The National Statistics and Geography Institute (INEGI) reported that industrial activity grew zero percent in March, compared to the same month in 2016.

However, it was the first time since December 2016 that no decrease was reported in that sector, the institute added.

By sectors, manufactures increased 2.9 percent and construction grew 0.6 percent, the INEGI noted.

Meanwhile, mining shrank 9.3 percent, mainly due to the decrease in oil production, and power generation, transmission and distribution, and water and gas supply by pipes to final consumers decreased 0.4 percent.

Among the sectors of Mexico's economy, industrial activity has slowed down in recent months, a period when agriculture, forestry, fishing and service reported a positive performance.

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