Mexico's industrial output growth lower than expected

Tuesday, 12 April 2005 13:47:43 (GMT+3)   |  
       

Mexico’s industrial output growth lower than expected

Mexico's industrial output rose a lower-than-expected 2% year on year in February, Mexico's Finance Ministry said. Weak performances in the mining, electricity and construction sectors negatively affected the industrial output. Mining output fell 3.3% in February. The construction sector rose a slight 0.7%, while the manufacturing sector expanded 2.8%. Mexican industry has exhibited a downturn in recent months due to weaker export demand from the US. Domestic demand is now the main engine of Mexico's economy, which is expected to grow 4% in 2005.

Similar articles

Mexico's industrial production drops in June, while construction slightly up

12 Aug | Steel News

Mexico's local rebar prices fall as weak demand trumps weak peso

06 Apr | Longs and Billet

US rebar market hopes for fresh start in 2009, but January price hike seems unlikely

08 Jan | Longs and Billet

Mexican steel production aimed to increase by 4.2 percent in '08

14 Apr | Steel News

US flat rolled market – Domestic spot prices surge on raw material costs, tight supplies

14 Apr | Flats and Slab

Latin American economic analysis – September 6, 2005

09 Sep | Steel Matters

Latin America economic analysis for week of June 13, 2005

17 Jun | Steel Matters

Mexico's economy grows by 3.9%

19 Aug | Steel Matters

Mexico's industrial output up by 2.4% in December 2003

12 Feb | Steel Matters

Brazilian capacity expansion discussed in congress

20 May | Steel Matters