Mexico Economic Outlook
August 11, 2015In Q1, the Mexican economy posted the ninth consecutive quarter with sub-3.0% year-on-year growth and recent data suggest that a robust rebound is not in the cards for the near future. In May, economic activity increased at the slowest pace in nine months, dragged down by a contraction in the industrial sector. That said, the weakening of the peso and the recovery of the U.S. economy provided a positive impulse to exports, which increased in June, rebounding from May’s dismal performance. After a year of persistent weakness, the Mexican peso reached uncharted territory in the second half of 2015. The currency broke the 16 MXN per USD barrier in July in reaction to a fall in oil prices, the markets’ view that an increase in U.S. interest rates would take place before year-end and an economy that has failed to meet expectations. Adding to the disappointment, there was insufficient investor interest to attract sufficient bids to warrant contracts in Mexico’s first step toward opening the oil sector.
Mexico Economic Data
5 years of Mexico economic forecasts for more than 30 economic indicators.
See all the data and analysis available in each of our Regional and Country reports.
|Bond Yield||6.10||0.49 %||Aug 25|
|Exchange Rate||17.21||0.03 %||Aug 25|
|Stock Market||42,011||1.30 %||Aug 25|
Mexico Economic Growth
August 11, 2015Analysts that participated in this month’s Consensus elaborated by LatinFocus cut Mexico’s 2015 growth forecast from the 2.6% expected last month to 2.5%. Although forecasters still expect that growth will be supported by a recovery in the United States and an increase in investments related to the structural reforms, they are becoming more pessimistic regarding the slash in government spending, the disappointing implementation of the structural reforms and the erosion of the currency. Next year, panelists see the economy picking up momentum and expanding 3.2%.
Mexico Economic News
August 20, 2015
Mexico’s GDP lost rhythm in the second quarter due to weaker growth in the primary and secondary sectors.
August 7, 2015
Mexico’s consumer prices rose 0.15% over the previous month.
August 6, 2015
The Mexican peso continues to weaken and broke the 16 MXN per USD psychological barrier at the end of July.
August 6, 2015
Consumer confidence fell in July, losing the ground gained in June.
August 3, 2015
The seasonally adjusted manufacturing indicator elaborated by the Mexican Institute of Finance Executives (IMEF) edged down to 52.7 in July from 53.1 in June; this last had marked the highest level in eight months.