Manufactures Fall Halt
July 22, 2019
The US manufacturing production indicator increased 0.4% monthly in June, adding two consecutive months of increases, after four months of negative data. However, the index is at levels lower than December 2018, when it reached its post-crisis maximum.
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Known regional indicators for NY and Philadelphia show an improvement in the July survey compared to the previous month.
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This same pattern is observed in Europe, where the monthly advance to May is 0.9%, an advance of 2.1% compared to December 2018, but less than a year earlier.
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Manufacturing in Mexico has been resistant to high uncertainty. They advance to May 1% compared to last December. The production of computer equipment stands out with a growth of 6%, and the automotive 1.8%.
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Although the slowdown in the global manufacturing sector is clear, a certain stabilization of the latest data is striking.
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The performance of this sector is of vital importance for the national economy, where it represents 16% of GDP and 27% of formal jobs.
