Mexico Economic Outlook
July 11, 2017The economy seems to have closed H1 on a much better note than had been expected at the outset of the year. Following a weak start to Q2, the external sector regained its momentum in May as exports leaped thanks to a strong manufacturing sector, while leading PMI data suggest that operating conditions among manufacturers improved further in June. In the domestic economy, private consumption growth continued to defy market expectations of a soft landing. April’s seasonally-adjusted figure was shy of a five-year high as a robust labor market and soaring remittances continued to shore up household spending.
Mexico Economy Data
5 years of Mexico economic forecasts for more than 30 economic indicators.
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|Bond Yield||6.80||0.0 %||Jul 18|
|Exchange Rate||17.48||-0.61 %||Jul 18|
|Stock Market||51,100||-0.45 %||Jul 18|
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Mexico Economic Growth
July 11, 2017The economy’s momentum will peter out toward year-end as private consumption takes a back seat and fixed investment remains depressed as a result of a plunge in public capital expenditure. While improved dynamics in the manufacturing sector will lift growth to an extent, the risk that the renegotiation of NAFTA will be disorderly—the talks are slated to begin on 13 August at the earliest—still tilts the balance of risks to the downside. Our panel of economists expects GDP to grow 2.0% this year, which is up 0.1 percentage points from last month’s forecast, and 2.2% in 2018.
Mexico Economic News
July 7, 2017
Consumer prices rose 0.25% from the previous month in June, which was marginally below market expectations of a 0.26% increase and contrasted last month’s 0.12% rise.
July 5, 2017
Sentiment among Mexican consumers edged down in June, putting an end to four months of consecutive gains in the index which in turn had followed January’s record low.
July 3, 2017
The seasonally-adjusted manufacturing indicator produced by the Mexican Institute of Financial Executives (IMEF) marked a turning point in operating conditions among manufacturers.
July 1, 2017
Remittances totaled USD 2.6 billion in May, a 4.5% expansion from the same month last year and the second best reading on record.
June 27, 2017
The external sector seemingly kicked into higher gear in May.