Mexico Economic Outlook
December 7, 2017A second release showed that economic growth was slightly weaker than originally reported in Q3, with activity severely dampened by earthquake- and hurricane-related disruptions and weaker private spending growth. Households are increasingly feeling the pressure of multi-year high inflation and decelerating credit lending growth, with retail sales contracting for a second consecutive month in September. Incoming data for Q4 remains mixed: Manufacturing exports regained traction in October following September’s trough, but inflation was higher than expected in the first half of November and fueled concerns about unchecked price pressures. On the political front, Jose Antonio Meade resigned as Finance Minister in late November to become the 2018 presidential candidate for ruling party PRI. Meanwhile, the fifth round of NAFTA negotiations that concluded on 21 November failed to yield any significant progress on contentious issues. The sixth round is slated to begin on 11 December in Washington.
Mexico Economic GrowthA clouded political outlook ahead of next year’s presidential elections and lingering uncertainty surrounding NAFTA negotiations will continue to keep a lid on economic growth. That said, growth is expected to accelerate in 2018 due to a rebound in capital expenditure and a more supportive fiscal stance. The Met the why particular Consensus Forecast for 2018 was downgraded 0.1 percentage points this month to 2.2%, and analysts expect GDP to increase 2.4% in 2019.
Mexico Economy Data
5 years of Mexico economic forecasts for more than 30 economic indicators.
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|Bond Yield||7.31||-0.24 %||Dec 06|
|Exchange Rate||18.87||-0.29 %||Dec 06|
|Stock Market||46,973||0.12 %||Dec 06|
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Mexico Economic News
December 1, 2017
The seasonally-adjusted manufacturing indicator produced by the Mexican Institute of Financial Executives (IMEF) showed a marginal improvement in operating conditions in November.
December 1, 2017
Remittances totaled USD 2.6 billion in October, a 19.0% surge from the same month last year and a stark contrast to the 1.0% year-on-year decrease recorded in September.
November 27, 2017
Exports grew 13.2% in annual terms in October, reaching a total of USD 36.9 billion.
November 24, 2017
The economy expanded 1.5% in annual terms in the third quarter, according to a more comprehensive set of data released by the National Statistics Institute (INEGI) on 24 November.
November 9, 2017
Consumer prices increased 0.63% from the previous month in October, coming in slightly above market expectations of a 0.60% increase and doubling the 0.31% increase recorded in the previous month.