The manufacturing industry was the activity that grew the most until June: industrial activity indicator increased 3.8%



File photo.  A general view shows the Teziutlán mine of the Autlán mining company that produces ferroalloys for the steel industry in Mexico, in the municipality of Teziutlán, in Puebla state, Mexico on July 21.  2020. REUTERS/Imelda Medina
File photo. A general view shows the Teziutlán mine of the Autlán mining company that produces ferroalloys for the steel industry in Mexico, in the municipality of Teziutlán, in Puebla state, Mexico on July 21. 2020. REUTERS/Imelda Medina

According to the National Institute of Statistics and Geography, the Monthly Indicator of Industrial Activity had an annual variation of 3.8% compared to June 2021. In this area are considered the sectors of Mining, Generation, transmission and distribution of electrical energy, supply of water and gas through pipelines to the final consumer, Construction and Manufacturing Industries.

Thus, a registered growth in all four sectors. The Manufacturing industries had the largest increase with 5.2%; Generation, transmission and distribution of electrical energy, supply of water and gas through pipelines to the final consumer, 3.8%, while Mining and Construction, 2.2% each.

In the monthly variation, the IMAI grew 0.1% in real terms during June compared to May this year.

By component and with seasonally adjusted series, the monthly rate was as follows: Mining advanced 2.1%; Construction, 0.3%; Generation, transmission and distribution of electricity, supply of water and gas through pipelines to the final consumer decreased 1% and Manufacturing industries did not show any change.

Monthly Indicator of Industrial Activity during June grew 0.1% in real terms compared to May 2022. Photo: INEGI
Monthly Indicator of Industrial Activity during June grew 0.1% in real terms compared to May 2022. Photo: INEGI

For almost two years, the IMAE maintains an upward trend in a context in which national and international economic activities were significantly affected by the impact of the Covid-19 pandemic. It was in April 2020 that the worst drop in the indicator was recorded with a monthly variation of more than 25 points (March-April).

In the breakdown by subsectors, the statistics were configured as follows (annual variation):

Mining: Oil and gas extraction, -1.9%; Mining of metallic and non-metallic minerals, -0.6%; Services related to mining, 37.5%.

Generation, transmission and distribution of electrical energy, water and gas supply: Electric power generation, transmission and distribution, 4.7%; Water supply and gas supply through pipelines to the final consumer, 0.9%.

Building: Building, -4.7%; Construction of civil engineering works, 11%; Specialized work for construction, 18.4%.

Manufacturing industries: Food industry, 3.2%; Beverage and tobacco industry, 6.1%; Manufacture of textile inputs and textile finishing, 2.9%; Garment manufacturing, 15.7%; Manufacture of products derived from petroleum and coal, 6.8%; Manufacture of transportation equipment, 6.8%; Manufacture of computer equipment, communication, measurement and other electronic equipment, components and accessories, 17.8%, among others.

FILE PHOTO.  Referential image of a miner walking through a mine, in San José de La Parrilla, Durango, Mexico.  February 24, 2016. REUTERS/David Alire
FILE PHOTO. Referential image of a miner walking through a mine, in San José de La Parrilla, Durango, Mexico. February 24, 2016. REUTERS/David Alire

Related to mining activity, according to data from the Ministry of Economy…

– In addition to being the world’s leading silver producer For more than 10 consecutive years, Mexico has ranked among the top 10 positions in world production of 17 minerals, including second in fluorite, third in celestite and wollastonite, sixth in zinc, seventh in salt, eighth in copper and ninth in gold. .

-According to the annual survey by the Fraser Institute, Mexico ranked sixth as an investment destination in Latin America in 2021, and ranked 34th worldwide in the Investment Attraction Index.

– In terms of investment, the mining sector invested 4 thousand 246 million dollars in 2021, which meant an increase of 16.8% compared to what was invested in 2020; the sector continues to be one of the productive branches that attracts the most investment to the country.

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