Mexico Industrial Output (YoY) below forecasts (1.7%) in January: Actual (-1.1%)

AI Briefing

• – Mexico's industrial output contracted at a slower than expected rate in January, falling 1.1% compared to the previous month, according to data released by the National Institute of Statistics and Geography (INEGI).
• – The slowdown was attributed to a decline in production in the manufacturing sector, which accounts for the majority of Mexico's industrial output.
• – The lower-than-expected growth rate may be a cause for concern, as it could indicate a weakening of the country's economy.