💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Mexico industrial output dips in April on manufacturing losses

Published 06/11/2018, 09:35 AM
Updated 06/11/2018, 09:40 AM
© Reuters. FILE PHOTO: Workers load blue agave hearts into an oven for distillation to make tequila at a factory in Amatitan

MEXICO CITY (Reuters) - Mexico's industrial output fell 0.4 percent in April from the previous month as manufacturing dipped, the national statistics agency said on Monday.

When measured on a year-over-year basis, industrial output was 3.8 percent higher.

Among the various components, manufacturing fell 2.3 percent from March, and construction dropped 0.6 percent. But utilities rose 4.9 percent and mining jumped 1.4 percent.

Compared to the same month last year, construction climbed 3.8 percent and utilities rose 2.8 percent, while mining fell 6.2 percent.

Mexico's industrial output is tightly linked to the U.S. economy, which receives about 80 percent of its exports, primarily factory-made goods like televisions and cars.

© Reuters. FILE PHOTO: Workers load blue agave hearts into an oven for distillation to make tequila at a factory in Amatitan

In recent months, the Mexican economy has been roiled by uncertainty over the future of the North American Free Trade Agreement. U.S. President Donald Trump has repeatedly threatened to leave the pact, which he says is unfair to U.S. workers.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.