Mexico Economic Outlook
September 12, 2017The economic panorama remains upbeat, with better-than-anticipated growth continuing into the start of the third quarter, even amid myriad challenges, both domestic and external. The manufacturing PMI logged its second-best reading in three years in August, and consumer sentiment trended higher in the same month. However, household spending has started to feel the pinch of multi-year-high inflation and weakening credit growth, with retail sales nearly running aground at the close of the second quarter. Meanwhile, the second round of NAFTA renegotiation talks came to a close in early September. The first two rounds have shown little in terms of progress, and talks are expected to last at least through the end of this year. Nonetheless, time is of the essence as election cycles draw near in both the U.S. and Mexico, which suggests that changes to NAFTA will be only minor and therefore easy to agree on.
Mexico Economy Data
5 years of Mexico economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||6.78||0.30 %||Sep 18|
|Exchange Rate||17.76||0.58 %||Sep 18|
|Stock Market||50,258||0.67 %||Sep 18|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Mexico Economic Growth
September 12, 2017Economic activity growth is expected to be weaker in the second half of the year due to dwindling purchasing power growth among consumers and still-subdued public capital expenditure. In addition, analysts remain wary of the short- and long-term effects an adverse renegotiation of NAFTA would have on the country’s outlook. Our panel expects GDP to grow 2.1% this year, which is up 0.1 percentage points from last month’s forecast, and 2.2% in 2018.
Mexico Economic News
September 7, 2017
Consumer prices rose 0.49% from the previous month in August, above the 0.38% increase recorded in July and in line with market expectations of a 0.50% increase.
September 5, 2017
Sentiment among Mexican consumers rose in August, reaching an over one-year high and extending the streak of consecutive improvements in consumer confidence seen since Donald Trump’s inauguration in January 2017, when sentiment had slumped to a record low.
September 1, 2017
Remittances totaled USD 2.5 billion in July, a 9.4% expansion from the same month last year.
September 1, 2017
The seasonally-adjusted manufacturing indicator produced by the Mexican Institute of Financial Executives (IMEF) leaped from 51.8 in July to 54.0 in August, marking the second-best reading in nearly three years.
August 28, 2017
According to Mexico’s Statistical Institute, exports grew 8.0% year-on-year in July, reaching a total of USD 32.2 billion.