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.