Mexico Economic Outlook
July 14, 2015Recent data show that Mexico’s first quarter economic growth was supported by a pick-up in both private consumption and government spending. Private consumption registered the second-fastest increase so far during the administration of Enrique Peña Nieto. Government spending was also up, possibly reflecting the run-up to the June mid-term elections. On the external side, the external sector’s net contribution was positive due to strong growth in exports. The sharp depreciation of the peso that began in the second half of 2014 could help explain the increase in exports volumes. On a negative note, just under 18 months since he was recaptured after being on the run for 13 years, the head of the Sinaloa cartel, Joaquín Guzmán, broke out of jail again on the night of 12 July. The event is a major blow to the Peña Nieto administration, which had taken pride in capturing one of Mexico’s most-wanted criminals.
Mexico Economic Data
5 years of Mexico economic forecasts for more than 30 economic indicators.
|Bond Yield||6.09||-0.49 %||Jul 27|
|Exchange Rate||16.29||0.14 %||Jul 27|
|Stock Market||43,714||-2.50 %||Jul 27|
Mexico Economic Growth
July 14, 2015Mexico’s growth prospects continue to moderate. Economic growth will be supported by both a recovery in the United States and an increase in investments related to the structural reforms. However, the cut in government spending is likely to drag on economic growth. LatinFocus panelists lowered Mexico’s 2015 GDP growth forecasts by 0.1 percentage points over the previous month and now see the economy growing 2.6%. Next year, forecasters see the economy picking up momentum and expanding 3.2%.
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Mexico Economic News
July 10, 2015
Heading into the third quarter, the peso continues to weaken.
July 9, 2015
Consumer prices in Mexico increased 0.17% in June over the previous month.
July 7, 2015
Mexican consumers became more confident in June, for a second consecutive month.
July 1, 2015
Remittances totaled USD 2.2 billion in May.
July 1, 2015
The seasonally-adjusted manufacturing indicator published by the Mexican Institute of Finance Executives (IMEF) increased for the fourth consecutive month and reached the highest level since October 2014.