Mexico's industrial activity expands 0.7% in May

Activity shows 0.6% increase on annual basis

By Ovunc Kutlu

ISTANBUL (AA) - Mexico's industrial activity expanded 0.7% in May with seasonally adjusted figures compared to the previous month, the country's statistical authority said Friday.

While the figure came in above market expectations of a 0.4% gain, it followed an expansion of 0.5% in April.

The manufacturing industries and energy generation, transmission and distribution sector grew 3.5% in May, while mining and construction rose 0.2% and 0.25%, respectively, the National Institute of Statistics and Geography said in a statement.

Year-on-year, industrial activity in May climbed 0.6% at an annual rate and with seasonally adjusted figures, following an annual increase of 0.6% in April, the institute said.

The construction sector led the annual increase with a 9.4% gain, according to the agency

Kaynak:

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