Mexico | Industrial activity has started off slowly in Q2 and inflation at historical low

Summary

Industrial production for April contracted by 0.1% in the month, due to the adverse mining sector performance and the lack of construction sector dynamism. Annual inflation fell to a historical low in May of 2.88% after 3.06% in April, as headline inflation marked -0.50% MoM in May, helped by lower-than-expected inflation in the second fortnight of the month (0.04% QoQ)

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