Industrial Production Grew 4.2% in January

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The manufacturing and construction sectors pushed industrial production to a 4.2% annual rate during January, according to the National Statistics and Geography Institute.

With monthly rate figures, the industrial production indicator advanced 0.83% in the first month of 2012, underpinned by the manufacturing sector which climbed 0.98%, followed by construction with 0.82%.

It should be mentioned that Mexican industry grew 3.8% although a slight deceleration is expected apace with the country's economy.

Annual Comparison by Economic Sector:

1. Manufacturing: 5.6%

2. Construction: 4.8%

3. Electricity, Water and Gas: 3.3%

4. Mining: fell 1.3% in the month in question.