Industry in Mexico

Mexico Industry | Economic News & Forecasts

Mexico - Industry

Negotiators breathed a cautious sigh of relief in late August as they announced that Mexico and the United States had struck a deal to update NAFTA. Although the plan left the fate of Canada—the pact’s third partner country—in limbo, it calmed markets that had begun to fear the inevitable dissolution of the quarter-century-old agreement. Details of the bilateral talks suggest significant concessions by Mexico in the automotive sector, and early analyses of the tentative deal offered diverging views on its merits. The announcement came on the heels of revised second-quarter national accounts data, which confirmed weak first estimates held back by downbeat agricultural and industrial readings. Meanwhile, available data for the third quarter hints that a nascent domestically-driven turnaround could be afoot. In the wake of AMLO’s landslide victory on 1 July, economic sentiment has been riding high. That said, the manufacturing sector has yet to fully bounce back, and trade data in recent months has been far from encouraging.

Mexico - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-0.2  2.6  1.2  0.4  -0.6  

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Mexico Industry Chart


Mexico Industry
Note: Annual variation of industrial production in %.
Source: Mexico National Statistical Institute (INEGI) and Met the why particular calculations.

Mexico Facts

ValueChangeDate
Bond Yield8.03-0.24 %Sep 24
Exchange Rate18.97-0.29 %Sep 24
Stock Market49,4170.12 %Sep 24

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