However, the generation, transmission and distribution of electricity, water and gas supply through pipelines to the final consumer fell 1% and Manufacturing industries remained unchanged.
The marginal growth of the monthly indicator of economic activity for June is lower than that experienced in April and May, when the Mexican industry had monthly growth of 0.6 and 0.2%, respectively. This implies a slowdown in industrial activity. Some experts, in fact, had the expectation that industrial activity will suffer a contraction in June.
At an annual rate, the monthly indicator of economic activity maintains a growth of 3.8%, with progress in all components: mining, generation, transmission and distribution of electricity, supply of water and gas through pipelines to the final consumer, construction and manufacturing industries.
Within the manufacturing industries, which remained stagnant in June, the subsectors with the greatest falls in their production were:
- Manufacture of products derived from petroleum and coal, with a fall of 15.7%.
- The manufacture of textile products -not including clothing-, with a monthly decline of 5.8%.
- The paper industry, with a monthly decrease of 3.5%.
- The manufacture of furniture, mattresses and blinds, with a reduction of 3.8%.