Manufacturing, construction drive up September industrial output in Mexico

Mexican industrial production increased by 0.87% month-on-month in September 2012, according to data released by national statistics agency Inegi.

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Growth in industrial output was driven by three of the four subcomponents used by the agency to calculate the figures.

Manufacturing activity rose by 1.6%, construction by 1.13% and utilities by 0.37%. However, mining production fell by 1.55%.

The agency said that the construction industry rebounded due to additional 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.

Compared with September 2011, industrial output rose by 2.4% in total terms, Inegi’s figures showed.