Mexico Economic Outlook
March 14, 2017Mexico’s economy is in the frontline of the new U.S. administration’s veer towards protectionism and anti-immigration policies and this is causing huge uncertainty and concern in the country, given its dependence on the U.S economy. Despite relatively solid macro fundamentals, economic growth disappointed last year and recent data indicate the country is walking on quicksand at the beginning of the year. Whatever position the Trump administration eventually adopts regarding trade and immigration policies towards Mexico, it will take several months for any policy changes to actually materialize. This uncertainty in itself will affect business and investor confidence, with investment suffering a negative shock. Already shaken by the fuel price increase in January, consumer confidence is also likely to remain low, hurting private consumption.
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||7.08||-0.84 %||Mar 23|
|Exchange Rate||18.93||-0.50 %||Mar 23|
|Stock Market||48,677||0.39 %||Mar 23|
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Mexico Economic Growth
March 14, 2017Under these conditions, and since economic policy will remain restrictive this year, Mexico’s growth prospects are eroding. FocusEconomics’ Consensus Forecast for 2017 GDP growth was cut by 0.1 percentage points to 1.5% in our March survey, while the projection for 2018 was left unchanged at last month’s 2.1%.
Mexico Economic News
March 21, 2017
With production-based data already in hand, on 21 March Mexico’s National Statistics Institute (INEGI) released a breakdown of GDP by expenditure.
March 9, 2017
Consumer prices in Mexico firmed 0.58% from a month earlier, a touch above the 0.55% increase the markets had expected.
March 2, 2017
After hitting a record low in January, consumer confidence rebounded in February.
March 1, 2017
The seasonally-adjusted manufacturing indicator produced by the Mexican Institute of Financial Executives (IMEF) plunged from 48.7 in January to 46.8 in February.
March 1, 2017
Remittances totaled USD 2.1 billion in January, which marked a 6.3% expansion from the same month last year.