MEXICO CITY, July 24 (Xinhua) -- Economic activity in Mexico contracted 22.7 percent in May, its worst performance since the 1990s, due to the impact of novel coronavirus pandemic, according to official figures released on Friday.
The Global Indicator of Economic Activity (IGAE) showed a drop of 30.7 percent in industrial activities in May compared to the same period in 2019, while the services sector fell 20.3 percent compared to last year, according to a report from the National Institute of Statistics and Geography (INEGI).
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