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Mexican Industrial Production Crashes In April

Courtesy of ZeroHedge. View original post here.

Delayed blowback from Trump? Mexico’s Industrial Production crashed 4.4% in April – the biggest drop since Oct 2009 – with manufacturing dropping 1.7% after surging 8.5% in March.

This is the 3rd MoM drop in a row (and biggest MoM drop since Nov ’15)…

However, Manufacturing was not the worst of it as Mining plunged 9.6% YoY, Utilities declined 3.0%, and Construction tumbling 6.5%.

Whether it is the recent surge in the peso or fears oif trade wars, this is a somewhat unprecedented and sudden downshift.


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