Industry in Mexico
Mexico - IndustryFourth-quarter national accounts were bleaker than initially thought, highlighting the increasingly challenging economic backdrop dominated by heightened policy uncertainty and a slowdown north of the Rio Grande. A supply-side analysis pinned the letdown squarely on the industrial sector, which was held back by plunging mining activity and a slump in construction works. Manufacturing output, however, was the main culprit, decelerating for a second consecutive quarter amid a slowdown stateside. Agricultural- and services-sector output, meanwhile, held up. Turning to the current quarter, available indicators have been more upbeat. Consumer confidence hit a record high in January on AMLO’s first months in office, while industrial-sector surveys revealed new optimism among firms in February. On 1 March, however, S&P Global Ratings cut its outlook on Mexico’s investment-grade credit rating on fears of exacerbated fiscal woes and decreased private-sector investment as the government aims to hike spending on heavily-indebted Pemex, the state-run oil company.
Mexico - Industry Data
|Industrial Production (annual variation in %)||-0.2||2.6||1.2||0.4||-0.6|
5 years of economic forecasts for more than 30 economic indicators.
Mexico Industry Chart
Source: Mexico National Statistical Institute (INEGI) and Met the why particular calculations.
|Bond Yield||8.05||-0.24 %||Mar 20|
|Exchange Rate||18.83||-0.29 %||Mar 20|
|Stock Market||43,156||0.12 %||Mar 20|
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March 1, 2019
Remittances totaled USD 2.4 billion in January (December 2018: USD 2.9 billion), a 6.5% increase from the same month a year earlier (December 2018: +6.1% year-on-year).
February 27, 2019
Merchandise trade recorded a USD 4.8 billion deficit in January, up from the USD 4.4 billion shortfall registered in the same month a year ago but in line with analysts’ expectations.
February 25, 2019
Economic activity was flat year-on-year in December, screeching to a halt on the heels of November’s 1.8% increase.
February 25, 2019
A comprehensive estimate for economic growth in the fourth quarter of last year fell shy of analysts’ expectations and confirmed a year-end slowdown on the heels of an upbeat midyear.
February 7, 2019
Consumer prices rose 0.09% from a month earlier in January, cooling from the 0.70% month-on-month increase in December.