Mexican Industrial Output Flat in September
November 11 2019 - 8:03AM
Dow Jones News
By Anthony Harrup
MEXICO CITY--Mexico's industrial production was unchanged in
September from August as gains in mining and manufacturing offset a
decline in construction activity, the National Statistics Institute
said Monday.
Factory output rose 0.6% in seasonally adjusted terms,
recovering from a drop the previous month. Oil and gas production
rose 0.4% and utilities output rose 0.2%, while construction
activity fell 2.1%.
Compared with September of 2018, industrial production was down
1.8%, with oil and gas output down 5% and construction down 8.3%,
partly offset by a 0.8% rise in manufacturing and higher utilities
output.
Mexican production of cars and light trucks was down 0.4% in
September from the year-earlier month. In October, vehicle
production fell 16%, including a 30% drop in output by General
Motors Co. (GM), whose local operations were affected by a U.S.
strike.
Several other automakers lowered output as they prepared
production lines for new models, including Ford Motor Co. (F),
which produced no cars in October, according to industry
association AMIA.
In the first nine months of the year, industrial production fell
1.7% from the same period of 2018, weighing on overall economic
growth, which was flat in the first three quarters.
Write to Anthony Harrup at anthony.harrup@wsj.com
(END) Dow Jones Newswires
November 11, 2019 07:48 ET (12:48 GMT)
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