Mexico Economic Outlook
January 19, 2016GDP firmed up in Q3 2015 and was supported by strong momentum in domestic demand. Mexico’s economy increased 2.6% year-on-year (Q2: +2.4% year-on-year) as it benefited from still healthy dynamics in private consumption and strong growth in exports of goods and services. More recent data suggest that private consumption continued to fuel economic growth in Q4 2015, buoyed by ongoing gains in employment and remittances in November and increased consumer confidence in December. On 8 January, Joaquín "El Chapo" Guzmán, leader of the Sinaloa Cartel and the world's most wanted criminal, was recaptured in an operation led by the Mexican army. This is the third time that Guzmán has been apprehended, which highlights both the degree of corruption in Mexico’s security agencies as well as the high political cost for the government. It remains to be seen if the government will extradite Guzmán to the U.S.
Mexico Economy Data
5 years of Mexico economic forecasts for more than 30 economic indicators.
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|Bond Yield||6.09||0.33 %||Feb 08|
|Exchange Rate||18.67||1.24 %||Feb 08|
|Stock Market||42,775||-1.05 %||Feb 08|
Mexico Economic Growth
January 19, 2016The economy is expected to have recorded a modest 2.5% expansion in 2015, as a fall in oil production and global headwinds dragged on economic growth. Analysts surveyed this month expect Mexico’s economy to accelerate and increase 2.7% in 2016. Growth will benefit from a recovery in the U.S., the implementation of structural reforms and strong domestic demand. Nevertheless, downside risks in the form of falling oil prices and fiscal tightening prevail, which prompted analysts to cut the economic outlook by 0.1 percentage points this month. For 2017, LatinFocus panelists expect the economy to accelerate further and expand 3.2%.
Mexico Economic News
January 13, 2016
The depreciation of Mexico’s currency was a fairly common occurrence among emerging market currencies in the second half of 2015.
January 8, 2016
In December, the unadjusted index of consumer confidence elaborated by INEGI rose to 93.0 from November’s 92.5.
January 7, 2016
In December, consumer prices rose 0.41% over the previous month.
January 4, 2016
November recorded another month of positive news for Mexico’s remittances.
January 4, 2016
Weak global demand and slowing activity in the U.S. economy at the turn of the year weighed on Mexico’s manufacturing sector.