Forex - Mexico: August Industrial Production Better than Expectated at +0.8% m/m, -1.3% y/y


 11:13 (GMT) 11 Oct

  [Economic Data]

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Mexico: August Industrial Production Better than Expectated at +0.8% m/m, -1.3% y/y (0101-PNLV-C01)

August Industrial production was better than expected at 0.8%m/m, -1.3%y/y, although manufacturing production was a downward surprise at -0.4%m/m, -0.5%y/y, underlining a weaker sector that will impact a larger sector of employment. Construction showed a +2.3%m/m. -2.9%y/y. As there are no signs the manufacture and oil production will show as sustained rebound any time soon, we expect GDP forecasts to remain closer to zero, supporting the call for Banxico rate cuts.

Mexico: August Industrial Production Better than Expectated at +0.8% m/m, -1.3% y/y (0101-PNLV-C02)
Mexico: August Industrial Production Better than Expectated at +0.8% m/m, -1.3% y/y (0101-PNLV-C03)

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