Mexico's industrial output rises 0.6% in June

Mexico's industrial output rises 0.6% in June

Annually, industrial activity expands 3.6%

By Ovunc Kutlu

ISTANBUL (AA) - Mexico's industrial output rose by 0.6% in June in seasonally adjusted terms, compared to the previous month, the country's statistical authority announced Friday.

The market estimate for the figure was to show an increase of 0.1% on a monthly basis.

Industrial production in May was revised down to a gain of 0.9% in May, from an increase of 1%.

In June, construction grew 2.2%, but mining remained unchanged, INEGI said in a statement.

On an annual basis, industrial activity was up 3.6% in June, compared to the same month of last year.

That figure came in much higher than the market expectation of a 2.8% gain.

Annual industrial production for May was revised up to a gain of 3.9% from a 2.8% increase.

Construction jumped 11.9%, while mining increased 2.6% year-on-year.

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