Mexican Industrial Production Crashes In April

Jon Market Commentary

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.
SOURCE

This post was published at Zero Hedge on Jun 9, 2017.