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LatinNews Daily - 14 July 2021

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In brief: Mexico’s industrial sector slowly continues recovery

* Mexico’s national statistics institute (Inegi) has released new figures showing that the national industrial production increased 0.1% in May compared with April. This monthly performance was driven by an expansion of 2% in the construction sector, 1.3% in utilities (electricity generation and transmission, provision of water and gas), and 1% in mining; while production in manufacturing industries contracted by 0.7% compared with April. In year-on-year terms, Mexico’s industrial production increased by 36.4% in May, a surge explained by the low basis of comparison due to the impact of the coronavirus (Covid-19) pandemic in May 2020. Inegi’s report shows that production in the manufacturing industries was up 48.3% year-on-year; construction 45.9%; mining 9.2%; and the generation and transmission of electricity, and water and gas provision was up 8.8%.