LatAm Daily | Mexican industrial production increased 0.2% MoM in line with expectations

Industrial production increased 0.2% MoM and 0.7% annually in July. Decomposing this growth, mining and manufacturing performed worse than expected, in contrast to construction. In Peru, another 25bp hike in 4Q15 is expected due to the optimistic output growth outlook forecast by the CB after the latest increase in the MPR.

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