Weekly Report - 15 March 2012 (WR-12-11)

MEXICO | Industrial production. In January 2012 the country’s industrial output was 4.2% up (year-on-year), according to the national statistics institute (Inegi). Month-on-month output was up 0.83%. These figures show the hugely beneficial effect the pick up in the US economy is having on Mexico. Manufacturing, up 5.6% at an annualised rate, is leading the economy. Construction, which is usually very strong in the final year of a government, was up 4.8% (annualised) while utilities (gas, water and electricity) were up by 3.3%.

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