We estimate that August industrial production will post annual growth of 2.2%, seasonally adjusted

This estimate takes into account the close relationship between this variable and the performance of the US monthly Industrial Production indicator in July and August (0.2% and -0.1% MoM, sa, respectively). In July, this indicator in Mexico grew 2.0% YoY, sa and in monthly terms increased by 0.3%, linked principally to a rise in manufacturing (1.2% MoM, sa)

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