Mexico Economic Outlook
April 19, 2016Economic growth is holding up well at the beginning of the year. A modest expansion in economic activity in January eased concerns raised by the latest Q4 GDP data that the economy may be decelerating more rapidly than expected. Meanwhile, the manufacturing sector continued to be robust in Q1 and received an extra boost from its U.S. counterpart in March. Moreover, consumer confidence improved timidly in March, although it remains weak despite low inflation, growth in employment and a strong influx of remittances. On a negative note, Moody’s downgraded Mexico’s A3 credit rating from stable to negative on 31 March, citing the potential impact of external headwinds on the government’s fiscal consolidation measures. The government recently released a preliminary draft of its Macroeconomic Framework for 2016 in which it outlines the design for next year’s budget and continues to highlight the importance of fiscal consolidation.
Mexico Economy Data
5 years of Mexico economic forecasts for more than 30 economic indicators.
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|Bond Yield||5.90||0.0 %||May 03|
|Exchange Rate||17.61||2.36 %||May 03|
|Stock Market||45,648||-0.13 %||May 03|
Mexico Economic Growth
April 19, 2016Strong consumer fundamentals—growing employment, rising real wages, and increasing remittances and credit—will continue to support private consumption and, in turn, overall economic growth this year. However, persistently low oil prices, public expenditure cuts and sluggish growth in the U.S. manufacturing sector will limit more meaningful growth. Analysts expect GDP to increase 2.4% in 2016, which is down 0.1 percentage points from last month’s forecast. For 2017, the economy is seen accelerating to a 2.8% expansion.
Mexico Economic News
May 2, 2016
After an impressive start to the year, Mexico’s manufacturing sector heads into the second quarter with solid footing.
April 29, 2016
Mexico’s GDP gained momentum in the first quarter, according to a preliminary estimate released by the National Statistics Institute (INEGI) on 29 April.
April 26, 2016
In March, the trade balance showed a surplus of USD 155 million, which represented a mild improvement over the USD 725 million deficit registered in the previous month.
April 26, 2016
Mexico’s economic activity, measured by INEGI’s monthly economic activity indicator (EGAE), surged 4.1% year-on-year in February, which marked a notable acceleration over the 2.2% expansion registered in January.
April 8, 2016
Consumer confidence among Mexican individuals rose timidly in March after having fallen to the lowest level in two years in February.