Construction drives up July industrial output in Mexico

Industrial production in Mexico rose by 4.9% year-on-year in July, according to figures released by national statistics agency Inegi.

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Growth was driven by construction activity, which rose by 6.8%.

The manufacturing sector recorded a 5.4% rise, Inegi’s figures showed.

The agency said that the construction industry rebounded due to more construction work related to single-family and multi-family homes.

Increased construction of non-residential buildings such as warehouses, industrial plants and commercial buildings also helped drive the sector upward.

Mexico’s mining production, a sub-component of the industrial sector, increased by 1.2% in July compared with the same period last year, Inegi noted.

Overall, industrial production rose by a seasonally adjusted 0.53% from June, the agency added.

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