Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Mexico

Industrial Production Shows an Annual Growth of 2.3 Percent in the First Quarter

Mexico’s weak industrial production influenced by low performance conditions, especially in the construction sector

Construction is one of the worst performing economic sector in Mexico, photo: Wikipedia
By The News Whatsapp Twitter Facebook Share
9 months ago

During the first quarter, industrial production in Mexico showed an annual growth rate of 2.3 percent, as a result of the adjustment made in the budget for Petróleos Mexicanos (Pemex). This resulted in an additional production decline, with low oil prices pushing down mining sector growth.

This was stated by the specialist and coordinator of the Bachelor of International Business Bilingual School of Economics at the Autonomous University of the State of México (UAEM) Judith Huerta Quiroz, who said that the weak dynamism of industrial production is influenced by current low performance conditions, especially in the construction sector.

She stressed that these results show the disparity in economic growth in the economy of states and sectors. This is the case in Querétaro, where the construction sector represents 13 percent of its economic activity and, during this quarter, fell 6 percent from the previous year.

Moreover, Huerta Quiroz said that low levels of oil and declining oil production has undermined economic conditions in some states. Of the 32 states of the country, 12 showed that their economic growth slowed in December and five showed negative figures for the first quarter of this year.

Of the latter group, Campeche continues to be in recession, with an average rate of -3.9 percent; Chiapas and Mexico City registered a growth of -3.2 and -1.0 percent respectively, and finally Guerrero registered -0.4 percent.

Huerta Quiroz said that the decline in the performance of some states is mainly due to the economic situation that exists, especially in the U.S. economy, where most exports have not grown optimally which has an impact on the Mexico’s manufacturing sector.

Comments Whatsapp Twitter Facebook Share
More From The News
Mexico

Citing Trump Remarks, Entire President's ...

18 mins ago
World

Eclipse Mania Sends Americans Scurrying ...

41 mins ago
World

Ousted: Trump Pushes Out Controversial A ...

56 mins ago
World

In Germany, Neo-Nazis Get to March But T ...

2 hours ago
Most Popular

German Toolmakers Open up Shop in San Mi ...

By Ricardo Castillo
Business

UAEM Celebrates 45th Anniversary of Medi ...

By The News
Mexico

What You're Doing This Weekend in Mexico ...

By The News
Living

Mazatlán's Many Historical Firsts

By Bob Schulman
Living

Thousands to Be Evacuated From Lebanon-S ...

By The Associated Press
World