2010.09.1311:09:00UTC+00Mexico July Industrial Output Grows Less Than Expected

Mexico's industrial output increased less than expected in July, the statistical office INEGI said on Monday.

Industrial production increased 5.4% on an annual basis in July, compared to a 7% growth expected by economists'. At the same time, manufacturing output grew 8.8%, while mining output rose 5.3%. Production of electricity, water and gas supply pipeline rose 5.5%.

On a monthly basis, industrial output grew a seasonally adjusted 0.27% in July, while manufacturing output rose 0.40%. Mining output increased 2.03%.

For the first seven months of the year, industrial output grew 6.5% compared to the same period of the previous year.

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