Overview
- Industrial production fell 0.8% from a year earlier in November, marking a ninth straight annual decline, according to Inegi.
- Seasonally adjusted output rose 0.6% from October, delivering a second consecutive monthly gain as the IMAI’s annual drop narrowed to 0.1% from 0.5%.
- Original year-over-year results showed manufacturing down 2.2% and mining down 1.0%, while construction rose 3.7% and electricity, water and gas increased 1.4%.
- Month over month, construction advanced 1.6% and manufacturing added 0.5%, with mining and utilities unchanged.
- For January through November, industrial activity contracted 1.6% overall, with mining the steepest drag at a 7.1% decline and smaller drops in construction, utilities and manufacturing.