Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Industrial output in Mexico decreased 1.7pc in November 2019 on lower demand from construction, manufacturing, and energy industries, representing the 13th consecutive month of declines.

The growth of Mexico’s construction and manufacturing industries fell by 3.2pc and 2.2pc, respectively, in November 2019 compared to the prior year, on lower demand for steel products.


Production of machinery equipment, metal products and basic metal industries went down by 19.1pc, 8.7pc, and 3.2pc, respectively, according to figures released on Friday, by the National Institute of Statistics and Geography (Inegi).


The mining industry grew by 0.9pc in November 2019 compared to the prior year, Inegi data indicated, but the value of mining exports fell in Q3 2019 to $7.3bn, compared the same period in 2018 when the mining industry reached $9.1bn.



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