Macro Analysis /
Global

Mexico: Industrial production – Broad weakness in September

  • September’s industrial production fell 1.4% m/m (+1.6% y/y), highlighting construction (-1.4%) and manufacturing (-1.3%)

  • With this, activity stands 4.5% below February 2020, before the start of the pandemic

  • The sector will continue facing challenges despite healthy demand, with bottlenecks likely extending into 2022

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 November 2021
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