Industry grows less than expected
Mexico City.- Industrial activity in Mexico posted 3.6% year-to-year growth last April, a figure lower than expected by analysts, whose forecasts averaged 4.7%, according to information from Bloomberg.
Growth was mainly fostered by construction and manufacturing sectors, which posted annual increases of 4.8% and 4.6%, respectively.
"Our forecasts assume that industrial production posted larger year-to-year growth in April than in March. This is due to a significant rebound in growth by manufacturing production, pushed up mainly by transportation equipment”, Alberto Gomez, Analyst with Banamex, said.
Source: El Norte | Date: 12/06/2012