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Weekly Report - 14 February 2019 (WR-19-06)

TRACKING TRENDS

MEXICO | Industrial production. On 11 February, Mexico’s national statistics and geography institute (Inegi) reported that Mexico’s industrial production had fallen by 0.4% in real terms in December 2018 compared with the previous month. However, when compared with December 2017, industrial production posted an overall increase of 0.2%. This was mostly due to a 2.1% increase in activity in the generation, transmission, and distribution of electricity, water, and natural gas to the final consumer sub-sector, as well as a 1.7% increase in activity in the manufacturing sub-sector. Although the construction sub-sector registered a slight increase of 0.6% compared with the previous year, the mining sub-sector’s production fell by 5.5%. Mexico’s GDP is said to have grown by 2% in 2018, which would represent a marginal fall compared with 2.1% in 2017.

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