Industrial production in Mexico grows 1.5 percent in March

Friday, 12 May 2023 22:05:16 (GMT+3)   |   San Diego
       

Industrial activity in Mexico grew 1.5 percent in March, year-over-year, the 25th consecutive annual increase, according to seasonally adjusted data from the national statistics agency Inegi.

The annualized increase is the result of the positive behavior of the four industries that make up the industrial sector.

The energy industry (electricity, gas and water to the final consumer) increased 3.7 percent, mining 2.5 percent, construction 2.0 percent, and manufacturing 0.8 percent, compared to March last year.

The industrial sector contributes 28.8 percent of GDP. The most important division is the manufacturing industry with 16.8 percent of GDP, followed by the construction industry with 6.0 percent, mining with 4.8 percent, and energy (electricity, gas, and water) with 1.3 percent of total GDP.


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