Mexico Economic Activity October 2015

Mexico

Mexico: Economic activity shows signs of moderation at the beginning of Q4 2015

December 23, 2015

Economic activity in Mexico decelerated in October, which followed a strong acceleration in September. According to the monthly economic activity indicator (EGAE) elaborated by the National Statistics Institute (INEGI), economic activity increased 2.3% annually in October, which came in below the 3.3% expansion registered in September. The result, which overshot the 2.1% rise the markets had expected, reflected notable slowdowns in the agricultural and industrial sectors. Growth in services only moderated in October.

The trend continued to suggest that growth in economic activity remains stable. Annual average growth in economic activity remained steady in October at September’s 2.5%.

A month-on-month comparison corroborates the slowdown suggested by the annual data. Economic activity increased 0.2% in October over the previous month in seasonally adjusted terms. The print was down from a 0.3% rise tallied September.

The government expects the economy to grow between 2.6% and 3.6% in 2016. Mexico’s Central Bank expects the economy to have expanded between 1.7% and 2.5% this year. For 2016, the Bank sees the economy growing between 2.5% and 3.5%. According to the latest survey of analysts for the LatinFocus Consensus Forecast, panelists see the economy increasing 2.8% in 2016, which is unchanged from last month’s forecast. For 2017, the panel expects growth to pick up to 3.2%.


Author:, Senior Economist

Sample Report

Looking for forecasts related to Economic Activity in Mexico? Download a sample report now.

Download

Mexico Economic Activity Chart


Mexico Economic Activity October 2015

Note: Year-on-year changes and annual average growth rate of monthly economic activity in %.
Source: Mexico National Statistics Institute (INEGI)


Mexico Economic News

  • Mexico: Consumer confidence hits decade-high following AMLO’s win

    August 3, 2018

    Consumer sentiment jumped in July on the heels of the 1 July general election, with the seasonally-adjusted consumer confidence index published by INEGI hitting a decade-high 111.7 points, up from a revised 88.6 points in June (previously reported: 88.0 points).

    Read more

  • Mexico: Banxico holds rates in August

    August 2, 2018

    At its 2 August monetary policy meeting, Banxico’s five-member board voted unanimously to hold the target rate at 7.75% after previously hiking rates ahead of the 1 July general election, a move broadly in line with market expectations.

    Read more

  • Mexico: Remittance inflows accelerate in June

    August 1, 2018

    Remittances totaled USD 3.1 billion in June (May: USD 3.2 billion), a robust 23.1% increase from the same month last year, accelerating from the revised 17.1% rise registered in May (previously reported: +19.8% year-on-year).

    Read more

  • Mexico: Growth disappoints in Q2 amid election-year challenges

    July 31, 2018

    A preliminary estimate for economic activity in the second quarter confirmed the challenges facing the economy in the run-up to the 1 July general election, with growth in the quarter coming up short against market expectations.

    Read more

  • Mexico: Trade deficit widens in June

    July 27, 2018

    Merchandise trade recorded a USD 0.9 billion deficit in June (May: USD 1.6 billion deficit), widening markedly from the USD 0.0 billion trade balance registered in June 2017.

    Read more

More news

Search form