Mexico Economic Outlook
May 16, 2017The economy dispelled fears of abruptly running aground at the outset of the year as it accelerated to grow 2.7% in Q1, with households showing outstanding resilience against a backdrop of soaring inflation and abrupt shifts in the U.S. trade agenda. Consumer confidence has been steadily trending higher, aided by a robust labor market and a surge in remittances. In line with upbeat consumer data, growth in the first quarter was led by services, though the industrial sector nearly stagnated, as reflected in downbeat PMI readings. This was due to weak dynamics in industrial output, which continues to suffer from lagging peso-linked cost-push inflation and the subsequent tightening in margins. In the fiscal arena, things are also looking up. The government’s prudent stance means it should achieve this year’s primary fiscal target, while state-owned Pemex’s return to profit in Q1 has reduced the risk of a financial shock.
Mexico Economy Data
5 years of Mexico economic forecasts for more than 30 economic indicators.
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|Bond Yield||7.29||-0.08 %||May 24|
|Exchange Rate||18.44||-1.02 %||May 24|
|Stock Market||49,494||0.92 %||May 24|
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Mexico Economic Growth
May 16, 2017In light of resilient dynamics in the economy and easing fiscal concerns, economists have revised their projections up by 0.2 percentage points compared to last month’s forecast. They now expect GDP to expand 1.8% in 2017. However, the risk of a disorderly negotiation of NAFTA and rising domestic political noise are threats to the outlook of the economy. Analysts expect the economy to expand 2.1% in 2018.
Mexico Economic News
May 22, 2017
The Mexican economy performed even better than previously estimated in the first quarter of 2017.
May 18, 2017
At its 18 May monetary policy meeting, Mexico’s Central Bank (Banxico) announced its decision to raise interest rates by 25 basis points to 6.75%.
May 9, 2017
Consumer prices rose 0.12% from the previous month in April, slightly above market expectations of a milder 0.02% increase but still the smallest expansion in ten months.
May 8, 2017
Sentiment among Mexican consumers strengthened for a third month running in April on the back of a stabilization in gas prices and a softer tone from U.S. officials regarding trade with Mexico.
May 2, 2017
The seasonally-adjusted manufacturing indicator produced by the Mexican Institute of Financial Executives (IMEF) continued to dive into negative territory in April, reaching a low that was last seen in March 2009.