Mexico’s industrial output down 1% in October

Mexico’s industrial output fell by 0.86% month-on-month in October 2012, according to figures recently released by national statistics agency Inegi.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

The overall fall in Mexican output was driven by a drop in the construction sector, which fell by 1.22% on the month, Inegi noted.

Manufacturing sector output also fell, by 0.9%, which was its fourth contraction during 2012.

Output in the mining and utilities sectors rose by 0.23% and 0.78%, respectively.

Inegi noted that, compared with October 2011, industrial output increased by 3.6%.