Macro Analysis /
Global

Mexico: Industrial production – Stronger headwinds in June

  • IP fell 0.5% m/m (+13.5% y/y), as all sectors were lower, noting construction (-2.0%) and mining (-0.8%)

  • In our view, industry has stagnated. This has been partly a result of supply issues and an increase in COVID-19 cases

  • Risks prevail ahead due to supply issues, virus dynamics, and other idiosyncratic factors

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 August 2021
Published by