The industrial production in Mexico grew 2.9% year-on-year in January, driven in particular by construction, although with a drop in miningreported this Tuesday the National Institute of Statistics and Geography (Inegi).
The data was the result of the year-on-year increase, based on original figures, of the construction (17.9%), the generation, transmission and distribution of electrical energy and water and gas supply (0.6%), and the manufactures (0.1%).
In contrast, the mining It fell 1.6% compared to the same month in 2023.
On the other hand, the monthly indicator of the industrial activity (IMAI) It rose 0.4%, in real terms and with seasonally adjusted figures, last January compared to the previous month.
This is due to the monthly advances in construction (2.2%) and manufacturing (0.2%), accompanied by setbacks in mining (0.4%) and the generation of electrical energy and water and gas supply (0.8%).
The figures reflect the behavior of Mexico's economy, which grew 3.2% annually in 2023, according to final figures from Inegi.
The Industrial production In Mexico it increased 3.5% annually in 2023, particularly due to construction and with increases in all areas.
He gross domestic product (GDP) of Mexico It rose 3.9% in 2022 driven by all sectors, while in 2021 it rose by 6.1%.
Mexico was one of the Latin American countries that took the longest to recover its GDP after the covid-19 pandemic, which caused a historic contraction of 8.8% in 2020.
By 2024, the Government estimates that Mexico's economy will grow by at least 3%.
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