Mexico Economic Outlook
April 11, 2017Although policy uncertainty in the U.S. caused consumer and investment sentiment to deteriorate markedly at the beginning of this year, Mexico’s economic activity has shown more resilience than initially expected. In January, the monthly proxy GDP (IGAE) accelerated to a 3.0% expansion, buoyed by solid growth in agriculture and services. In addition, the weakness of the peso, along with the ongoing improvement in global demand, has had a welcome effect on Mexico’s external sector, boosting merchandise exports in the first two months of the year. In other positive news, U.S. trade rhetoric toward Mexico has substantially moderated in the past weeks, alleviating concerns of a potential imposition of trade tariffs by the U.S. government on Mexican exports. Moreover, a record transfer of excess funds from the Central Bank to the government bodes well for strengthening public finances and the government’s fiscal consolidation efforts going forward.
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||7.07||0.71 %||Apr 06|
|Exchange Rate||18.74||-0.42 %||Apr 06|
|Stock Market||49,012||-0.40 %||Apr 06|
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Mexico Economic Growth
April 11, 2017This month, the GDP growth Consensus Forecast for 2017 was revised up by 0.1 percentage points compared to last month, reflecting the positive developments observed in Q1. Nonetheless, the outlook continues to be threatened by any potential swift change in U.S. policy. Analysts expect GDP to expand 1.6% in 2017 and to accelerate to a 2.1% expansion in 2018.
Mexico Economic News
April 7, 2017
Consumer prices in Mexico rose 0.61% from the previous month in March, which was slightly above the 0.58% increase the markets had expected.
April 5, 2017
Consumer confidence has continued to recover from the knock that it suffered in January on the back of a huge gasoline price increase.
April 3, 2017
The seasonally-adjusted manufacturing indicator produced by the Mexican Institute of Financial Executives (IMEF) fell further in March and reached a low that was last seen in April 2009.
March 30, 2017
At its 30 March monetary policy meeting, Mexico’s Central Bank (Banxico) announced its decision to raise interest rates by 25 basis points to 6.50%.
March 28, 2017
Mexico's February trade data showed exports increasing 8.0% annually in February (January: +11.4% year-on-year), which pushed the value of Mexico’s overseas sales to USD 31.3 billion.