Mexico Economic Outlook
September 15, 2015Mexico’s economy has been struggling to gain momentum since the start of the administration of Enrique Peña Nieto and, in Q2 2015, GDP registered another quarter with sub-3.0% year-on-year growth. GDP increased 2.2% in the second quarter, which was slower than the 2.6% rise seen in Q1. What can be extrapolated from recent data is that a vigorous rebound in economic activity in the coming months is not likely. In September, the Peña Nieto administration began its second term within a context of lower oil prices, tougher financial conditions and a weaker currency. On 8 September, the Ministry of Finance submitted the 2016 draft budget to Congress in which emphasized its commitment to maintaining fiscal consolidation and macroeconomic stability.
Mexico Economic Data
5 years of Mexico economic forecasts for more than 30 economic indicators.
See all the data and analysis available in each of our Regional and Country reports.
|Bond Yield||6.03||-0.50 %||Oct 01|
|Exchange Rate||16.92||0.01 %||Oct 01|
|Stock Market||42,696||0.15 %||Oct 01|
Mexico Economic Growth
September 15, 2015Increased volatility in financial markets, a more pessimistic view on oil output and the slash in government spending has caused Mexico’s economic outlook to deteriorate marginally. Analysts surveyed by FocusEconomics for this month’s LatinFocus Consensus Forecast trimmed the country’s projection from the 2.5% expected last month to 2.4%. Due to the government’s spending cuts next year, the panel also revised Mexico’s 2016 outlook and now expect the economy to grow 3.0%, which is down from the previous 3.2% estimate.
Mexico Economic News
September 25, 2015
In August, Mexico’s trade deficit totaled USD 2.8 billion, which was worse than the USD 1.8 billion shortfall the markets had expected.
September 24, 2015
Mexico’s economic activity slowed in July, which followed an acceleration in June.
September 21, 2015
At its 21 September monetary policy, the Central Bank of Mexico (Banxico) decided to leave the target of the overnight interest rate unchanged at 3.00%.
September 18, 2015
Mexico’s GDP lost momentum in the second quarter due to slower government spending and lower exports.
September 13, 2015
Heading into the second half of President Enrique Peña Nieto’s term, the Ministry of Finance (Secretaría de Hacienda) submitted the 2016 draft budget to Congress on 8 September and it will be discussed by lawmakers in the coming months.