Mexicos industrial output fell 2.4 percent year on year
in June, according to the latest figures from the
countrys statistics agency, Instituto Nacional de
Estadística y Geografía (Inegi).
The decline was driven
by decreases in all four sectors monitored by the agency to
measure industrial activity.
fell 6 percent in June, which weakened demand for materials
such as iron ore, steel profiles and steel pipe. Mining output
slipped 2.4 percent, manufacturing fell 1.2 percent and
utilities slid 0.7 percent in the same comparison.
industrial output has been falling over the past few months,
Inegis figures indicate. The most recent decline was
recorded in April, when industrial output fell 1.7 percent from
a year earlier. Crude steel output declined 12.5 percent to 1.4
million tonnes in April, according to the latest figures from
Canacero, the countrys steel association.
industrial output in June was unchanged from the previous
A version of this article was first published by AMM sister
publication Steel First.