Due to reports of strong manufacturing, largely due to increased automobile production, Mexico’s industrial output rose to a new two year high. Analysts predicted there would be a 0.21 percent increase in industrial production during the month of September, but nobody predicted that number would be as high as the 1.7 percent increase that occurred from August to September. The increase was the biggest month-to-month change since October 2009.
In addition to the industrial production increase from August to September, Mexican manufacturing  production rose 1.46 percent due to record vehicle output figures. Construction rose 2.53 percent, while mining slipped by 1.2 percent.
Analysts believe that a slowing United States economy will ultimately hurt growth in Mexico because the country relies so heavily on exports to the U.S. Mexican officials are eyeing the U.S. economy and Europe’s debt crisis, and have said that they may need to cut down on benchmark interest rates if the debt crisis continues to slow down global growth.