Mexican industrial output unexpectedly slipped in April, hit by the sharpest drop in crude oil production in nearly seven years even as factories posted their strongest growth since late 2009.
Industrial output dipped 0.1 percent in April compared to May, the national statistics agency said on Thursday, below expectations for a 0.1 percent expansion in a Reuters poll.
Among key components, oil output fell 5.3 percent compared with the prior month, its steepest drop since August 2007.
Mexican crude production has been declining and a slump in global oil prices has dampened expectations for a tide of . . .
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