Mexico industrial production rises 1.7% in June, beating forecasts

Mexico's industrial output rose 1.7% in June from a year earlier, beating market expectations for a 1.1% increase. The gain was led by manufacturing, which rose 2.3%, and construction, up 1.8%, while utilities increased 0.9% and mining fell 0.5%. On a seasonally adjusted monthly basis, industrial production rose 0.5%, recovering from a slight contraction in May. The data points to resilience in Latin America's second-largest economy, supported in part by U.S. demand for Mexican manufactured goods and continued nearshoring momentum, though analysts say risks from a potential U.S. slowdown and domestic infrastructure constraints remain.

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