MEXICO CITY--Economic activity in Mexico rose in August from a year ago, but was down from July as industrial output slowed from the previous month.
The National Statistics Institute, or Inegi, said Wednesday that the IGAE index of economic activity, which measures most of gross domestic product, rose 3.5% in August from the year-earlier month but slipped 0.41% from July in seasonally adjusted terms.
The increase from August 2011 was below the 3.8% median estimate of 10 economists polled by Dow Jones Newswires.
Industrial production rose 3.6% on the year, services were up 3.8%, and agricultural production was 2.3% higher than in August 2011.
In seasonally adjusted terms, industrial production slowed 0.76% from July, services edged 0.34% higher and agricultural production increased 1.87%.
Mexico raised production of tomatoes, beans, grapes, oats and a number of other grains and fruits and vegetables, Inegi reported.
Greater mining activity and construction contributed to the year-on-year growth in industrial output, while commerce, telecommunications and financial services all grew from a year earlier.
The Mexican economy expanded 4.3% in the first half of 2012 versus the same period of 2011, and is expected to grow close to 4% in all of 2012.
nasdaq.com
The National Statistics Institute, or Inegi, said Wednesday that the IGAE index of economic activity, which measures most of gross domestic product, rose 3.5% in August from the year-earlier month but slipped 0.41% from July in seasonally adjusted terms.
The increase from August 2011 was below the 3.8% median estimate of 10 economists polled by Dow Jones Newswires.
Industrial production rose 3.6% on the year, services were up 3.8%, and agricultural production was 2.3% higher than in August 2011.
In seasonally adjusted terms, industrial production slowed 0.76% from July, services edged 0.34% higher and agricultural production increased 1.87%.
Mexico raised production of tomatoes, beans, grapes, oats and a number of other grains and fruits and vegetables, Inegi reported.
Greater mining activity and construction contributed to the year-on-year growth in industrial output, while commerce, telecommunications and financial services all grew from a year earlier.
The Mexican economy expanded 4.3% in the first half of 2012 versus the same period of 2011, and is expected to grow close to 4% in all of 2012.
nasdaq.com
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