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UPDATE 1-Mexico industrial output slips 0.4 percent in September
November 10, 2017 / 3:03 PM / a month ago

UPDATE 1-Mexico industrial output slips 0.4 percent in September

 (Adds details on industrial output)
    MEXICO CITY, Nov 10 (Reuters) - Mexican industrial output
fell 0.4 percent in September from the previous month as mining
contracted sharply, the national statistics agency said on
Friday.
     Among the various components, mining output sank 15.1
percent compared to the same period a year ago, according to
official statistics. Utilities climbed 1.4 percent year on year,
and construction rose 0.1 percent.
     On the whole, the country's industrial output was down 1.2
percent year-over-year. 
     Analysts had forecast a slightly larger dip in production
of 0.6 percent from the previous month.
    U.S. President Donald Trump's election last November raised
the specter of a recession in Mexico after his threats to shred
the North American Free Trade Agreement, a lynchpin of Latin
America's second-largest economy. Talks to renegotiate the pact
are under way, with another round coming next week.
    Mexico sends mostly factory-made goods like televisions and
cars to its northern neighbor.

  

 (Reporting by Julia Love; Editing by Andrea Ricci)
  

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