Mexico Auto Sector Drags Industrial Growth to 8-Month Low

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Mexico’s industrial production grew at its slowest pace in 8 months in October, as auto production dropped. 

Industrial output expanded 0.7% from a year ago, the the national statistics bureau said Friday, lower than the 1.8% median forecast from economists surveyed by Bloomberg. 

Manufacturing output was unchanged from from a year earlier, below the 1.0% median estimate from economists in a Bloomberg survey. Production of transportation equipment fell 15.25%, in part to the low auto production output.

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