Mexico Economic Forecast

Mexico Economic Outlook

June 14, 2016

Revised data provided more solid evidence that Mexico’s economy was resilient to external headwinds at the outset of the year. GDP increased 2.6% annually in Q1, which marked an acceleration over the 2.4% expansion tallied in Q4. The improvement stemmed from healthy growth in the three main sectors of the economy. This development is consistent with recent trends indicating that economic activity is being fueled by strong household consumption. In fact, a strong performance in consumer spending likely persisted in Q2 as suggested by an increase in consumer confidence in May. Moreover, manufacturing gauges in May suggest that success in the sector continued. On the political front, the opposition National Action Party (PAN) was the clear winner in 7 of the 12 states that held elections on 5 June. The result is a stunning blow to the ruling Institutional Revolutionary Party (PRI) whose leader, Manlio Fabio Beltrones, had vowed to win at least nine states.

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Mexico Facts

ValueChangeDate
Bond Yield6.090.83 %Jun 21
Exchange Rate18.62-0.18 %Jun 21
Stock Market45,705-0.16 %Jun 21

Mexico Economic Growth

June 14, 2016

The economic forecasts for Mexico suggest that the economy will maintain the pace of growth seen last year in 2016. The Consensus view among analysts is that growth will be supported by private consumption, while the economy’s difficult adjustment to low oil prices casts a shadow on the outlook. Mexico’s GDP is projected to grow 2.4%, which is unchanged from last month’s forecast. For 2017, growth is seen picking up to 2.8%.

Mexico Economic News

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