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Mexico’s industrial activity with slight contraction in May

Mexico, Jun 13 (Prensa Latina) Industrial activity in Mexico contracted 0.2 percent in May compared to April and its growth is expected to slow down during the last 10 months, the National Institute of Statistics (Inegi) reported.

The study points out that, compared to April 2020, the secondary sector managed to advance 35.7 percent. The figure is part of the rebound caused by the closure of activities that occurred in the fourth month of last year as a consequence of the Covid-19 pandemic.

After 10 consecutive months of advances, in April the Monthly Industrial Activity Indicator (IMAI) decreased 0.2 percent; thus, its recovery goes down 2.7 percent below its level prior to the beginning of the pandemic in February 2020′, highlighted Julio Santaella, president of the organization.

The report admits that the monthly decline is due by a 1.0 percent drop in the generation, transmission and distribution of electric power, water supply and piped gas to the final consumer.

Construction and manufacturing industries fell 0.3 and 0.5 percent, respectively. Mining was the only sub-sector with a 1.0 percent growth compared to last March. Santaella noted that it ‘extended its slight upward trend of recent months.’


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