Mexico’s industrial production increased in December for the first time since April 2008, driven by a recovery in the US sector, which prompted higher demand for exported goods. Around 80% of Mexican exports are sold to the US.

Industrial output grew 1.6%, exceeding the 1% increase anticipated by analysts. According to reports, the manufacturing sector drove growth with leathergoods and electronics performing particularly well.

Analysts suggest the Mexican economy is experiencing a solid rebound; however, its progress will depend on that of the US.

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