The Industrial production of Mexico grew by 2.5% monthly in February After falling 0.4% in January and 1.4% in January, as reported by the National Institute of Geography and Statistics (INEGI). The increase has improved market forecasts, since an increase of 0.1%was expected. This is also the greatest increase seen in the indicator since 2020.
At the year -on -year, industrial production falls for the seventh consecutive month, descending 1.3% in February but moderating the decrease of 2.9% of January. The data significantly improves the 3.9% drop estimated by experts.
Mexican peso reaction
The Mexican weight has been appreciated with the publication, causing the USD/MXN to fall to a minimum daily in 20.35, where it now operates losing 1% in the day.
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.
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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.
