UPDATE 1-Rise in Mexican industry output beats forecasts in October

  • 12/11/2020
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(Adds detail, context) MEXICO CITY, Dec 11 (Reuters) - The Mexican manufacturing sector’s recovery from a slump induced by the coronavirus pandemic gathered pace in October, with industrial output up by 2.0% from the previous month, official data showed on Friday. The seasonally-adjusted monthly increase reported by national statistics agency INEGI compared with the Reuters consensus forecast for an advance of 0.9%. In addition, data for September were revised up to show a month-on-month increase of 0.6%. INEGI had originally reported industrial output was unchanged in comparison to August. Compared to the same month a year earlier, industrial production was down 3.3% in unadjusted terms in October, the smallest decrease in the index since February, the data showed. (Writing by Dave Graham; Editing by Jon Boyle)

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