International Reserves in Mexico
Mexico - International Reserves
Current account deficit widens amid recovering domestic demand
The current account registered a deficit of USD 1.8 billion in the third quarter, which was larger than the previous quarter's deficit of USD 0.6 billion, but smaller than the USD 3.6 billion deficit incurred in the same quarter last year. Moreover, the reading came in above market expectations, which had the current account deficit reaching USD 3.0 billion in the third quarter. The quarterly figure was mostly led by a widening of the trade balance deficit (Q2: USD 0.1 billion; Q3: USD 2.3 billion). Exports reached USD 75.5 billion, which represented a minor improvement over the previous quarter (Q2: USD 74.7 billion) while imports rose more markedly form USD 74.7 billion in the second quarter to USD 77.8 billion in the third quarter. Furthermore, a wider deficit in the services balance also contributed to the deterioration of the current account, as it increased from USD 2.7 billion in the second quarter to USD 3.0 billion in the third quarter. Yet, the widening deficit was partially offset by an improvement in the income balance deficit (Q2: USD 3.8 billion; Q3: USD 2.1 billion). Meanwhile, the transfers balance fell from a USD 5.9 billion surplus in the second quarter to a USD 5.6 billion surplus in the third quarter, driven almost entirely by lower remittances from workers abroad, which dropped to USD 5.5 billion (Q2: USD 5.8 billion). Owing to the moderate quarterly reading, the moving annual current account deficit shrank from USD 5.3 billion in the second quarter to USD 3.5 billion in the third quarter.
Mexico - International Reserves Data
|International Reserves (USD)||177||193||177||177||173|
5 years of economic forecasts for more than 30 economic indicators.
Mexico International Reserves Chart
Source: Mexico National Statistical Institute (INEGI) and Met the why particular calculations.
|Bond Yield||8.55||-0.24 %||Jan 30|
|Exchange Rate||19.13||-0.29 %||Jan 30|
|Stock Market||43,621||0.12 %||Jan 30|
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April 4, 2019
Consumer confidence eased in March, with the seasonally-adjusted consumer confidence index published by the National Statistics Institute (INEGI) coming in at 116.3 points, down from February’s all-time high of 120.0 points.
April 2, 2019
The manufacturing sector appears to have lost steam at the end of Q1.
April 1, 2019
Remittances totaled USD 2.4 billion in February, a 6.4% increase from the USD 2.3 billion inflows recorded in February 2018.
March 28, 2019
At its 28 March 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.
March 27, 2019
Merchandise trade recorded a sizable USD 1.2 billion surplus in February, up from the USD 0.9 billion windfall registered in the same month a year ago and in line with analysts’ expectations.