Macro Analysis /
Global

Mexico: Industrial production – A modest setback in November

  • Industry fell 0.1% m/m, with construction (-0.6%) and manufacturing (0.0%) weak, and mining stronger (0.4%)

  • The report confirms that the outlook remained challenging, with supply issues still a key roadblock for further progress

  • Risks for industry are mounting again, mainly related to surging COVID-19 cases and continuing price pressures

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
11 January 2022
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