According to figures provided by the National Statistics and Geography Institute (INEGI), industrial activity in Mexico showed its first negative percentage of the year, falling 0.1 percent from January to February, which made its annual comparison transit from an increase of 1.8 percent to 0.8.
The performance of the four main activities of economic growth started 2016 with a remarkable recovery, going from zero increase in December 2015 to a rise of 1.8 percent. However, the results of the mining industry ended the upward trend.
During this period, mining industry activity, which was already 21 months in the red, went from a fall of 2.9 percent to 5, compared to February 2015.
Since June, 2014, the mining industry has presented negative results, in particular regarding services related to this activity, which have decreased by 25.7 and 8.7 percent during the first two months of 2016. The extraction of oil and gas has decreased to -1 and 2.3 percent, respectively.
In February, the manufacturing industry, one of the main activities of the national industry, slowed down its performance with 1.8 percent, compared with the 2.2 percent it presented in January.