【Ferro-alloys.com】: Mexico’s industrial output fell by 0.4% from the previous year in September of 2024, extending the revised 0.4% decline in the earlier month and missing expectations that industrial production would remain steady from the prior month. It was the first back-to-back decline since October of 2021, underscoring the slowdown of the Mexican economy following the prolonged period of restrictive monetary policy from the Bank of Mexico and reflecting unease from political risks and a plunge in the peso. Output was lower for mining activities (-4.5%) and construction (-2.3%). In turn, production rose for manufacturing (0.8%), amid a surge in manufactured products that were derived from petroleum and carbon (18.1%). From the previous month, Mexico’s industrial output rose by 0.6% on a seasonally adjusted basis. source: Instituto Nacional de Estadística y Geografía (INEGI)

• [Editor:Alakay]