(Photo: SAUL LOEB/AFP/Getty Images)
MEXICO CITY (AP) — Mexico’s industrial activity plunged by nearly 30% in April compared to a year earlier as the economy ground to a halt under measures aimed at slowing the spread of the novel coronavirus.
There had been a comparatively small drop in March as the government began recommending people stay home, but April was the first full month the country was essentially locked down.
Compared to March 2020, industrial activity fell a 25% in April, the worst monthly decline since the National Institute of Statistics and Geography began tracking the monthly data in 1993.
Construction and manufacturing took the biggest hits, falling 38% and 35%, respectively, compared to a year earlier, according to INEGI’s report Thursday.
Mexico’s economy was in recession even before the pandemic. Its central bank has forecast the economy will contract by 8.8% this year. Other analysts have said it could be even more.
That panorama has been a driving force behind President Andrés Manuel López Obrador’s push to reactivate the economy sooner than some think wise. The country’s COVID-19 infections are still peaking, but sectors including construction, mining and automotive manufacturing have been allowed to resume operations.
On Wednesday, Mexico’s official death toll rose by 708 to 15,357 — one of the highest daily totals yet. The number of total confirmed cases rose by 4,883 to 129,184.
Source: AP
Comments
more recommended stories
Covid-19 in Yucatan: ”The pandemic is not over yet”, expert warns about summer vacationsThe gradual rebound in Covid-19 infections.
IMSS Yucatan makes a public recognition to Nursing StaffThe Mexican Institute of Social Security.
A woman is crushed to death when a tree falls on top of her car on the Mérida-Valladolid highwayA strange accident happened on Thursday,.
With these local flowers, you help prevent the loss of bees in YucatanEvery May 20, World Bee Day.
The US Embassy to invest 30 million USD in the “South of Mexico Generating Employment and Sustainability” programIn alliance with seven governments from.
Face-to-face courses return to La Ibérica de Mérida; they will celebrate a big event on SundayOn Sunday, May 22, the Centro.
Construction worker arrested for sexual abuse against a maid inside a hotel in Tulum, Quintana RooThe municipal police of Tulum, in.
Yucatan is about to receive the first cloud of dust from the Sahara desert in 2022A cloud of dust from the.
Yucatecans seek to sell one ton of Cochinita Pibil and 6 thousand panuchos in Mexico CityWith the “Yucatán Expone” program, Yucatecan.
Mérida Municipal Police officer returns wallet to owner with more than 5 thousand pesosThe Mérida Municipal Police agent Roberto.
Leave a Comment