A rebound in Mexican industrial production in June was always likely given the sharp fall in output in May. But the industrial sector probably made a meagre contribution to GDP growth over Q2 as a whole. More generally, we would need to see more than one month of better data to conclude that the industrial sector is finally benefitting from a weaker peso and a stronger US economy.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.