Mexico's industrial output rises in September, higher than estimates

ISTANBUL

Mexico's industrial output in September increased annually and monthly, both coming slightly higher than market estimates, the country's statistical authority announced on Friday.

Industrial output in September annually rose 4.5% in seasonally adjusted terms, the National Institute of Statistics and Geography (INEGI) said in a statement.

The market expectation for the figure was to show an annual gain of 4.4%, following a 4.7% increase in August.

While the construction sector expanded 19.5% annually, manufacturing industries posted an increase of 1.2%, according to the statement.

On a monthly basis, industrial production in September increased 0.2%, compared to the previous month. That figure also came in slightly higher than the market expectation of a 0.1% gain, following a 0.3% increase in August.

In September, manufacturing grew 1.7%, but mining contracted 1%, INEGI said in the statement.