Industry in Mexico
Mexico - IndustryFirst-quarter growth fell short of market analysts’ expectations, on the heels of upbeat recent data for January and February. A supply-side breakdown of the first quarter confirmed softness in the industrial sector, which struggled—alongside its stateside counterpart—to find its footing through March. Moreover, output within the services sector slowed considerably despite strong wage growth and resilient consumer confidence. Nevertheless, Mexico’s economy is probably not as weak as preliminary national accounts suggest, given the difficulty of seasonally-adjusting for the Easter holiday. Moreover available second-quarter indicators hint at an upturn. Consumer confidence remained within reach of its all-time high in April, boding well for household spending. Survey-based indicators also suggest that manufacturing could be headed for a turnaround in April, which would boost investment and exports.
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||8.12||-0.24 %||May 13|
|Exchange Rate||19.22||-0.29 %||May 13|
|Stock Market||43,142||0.12 %||May 13|
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May 16, 2019
At its 16 May monetary policy meeting, Banxico’s governing board unanimously voted to leave the target for the overnight interbank interest rate at 8.25%, matching market analysts’ expectations.
May 9, 2019
Consumer prices increased 0.05% from a month earlier in April, easing from the 0.39% month-on-month increase in March.
May 8, 2019
Mexico’s manufacturing sector appeared to recover somewhat at the outset of the second quarter.
May 8, 2019
Consumer confidence eased further in April, with the seasonally-adjusted consumer confidence index published by the Statistical Institute (INEGI) coming in at 113.8 points, down from 115.9 in March.
May 1, 2019
Remittances inflows totaled USD 2.9 billion in March, an 8.3% increase from the USD 2.7 billion inflow recorded in the same month a year ago.