The Mexican industrial production rose 0.6% monthly in May After growing 0.1% in April, as published by the National Institute of Statistics and Geography (INEGI). The advance has improved market expectations, which foresee a 0.1%drop.
At an year -on -level, the indicator fell 0.8% After having declined 4% the previous month. The figure moderates the 1.9% drop provided by consensus.
Mexican weight reaction
The Mexican peso is losing land despite the positive industrial production data, since the fears of a rise greater than 10% in US tariffs is favoring the dollar. The USD/MXN has risen in the last minutes of 18.70 to 18.74, new maximum of four days. At the time of writing, the par is quoted over 19.73, winning 0.71% in what we have been working on.
Economic indicator
Industrial Production (MOM)
The industrial production that publishes INEGI It measures the production of Mexico factories. Changes in the trend of industrial production are followed with great attention as an indicator of the strength of the manufacturing sector. A reading superior to the anticipated is bullish for Mexican weight while a lower reading is bassist.
Read more.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
