Mexico’s industrial production showed a significant improvement, with the year-over-year figure rising to -0.4% from the previous -2.3%. This marks an absolute increase of 1.9 percentage points, indicating a notable upward shift in industrial activity.
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The actual result of -0.4% was far better than the analyst estimate of -2.4%, suggesting a stronger-than-expected performance in the industrial sector. This positive surprise is likely to boost sentiment in the stock market, particularly benefiting industrial and manufacturing stocks. The impact may be more sentiment-driven in the short term, as investors reassess growth prospects based on this unexpected strength in production.