Mexico Economic Outlook
January 17, 2017Mexico is by far the most exposed economy in Latin America to risks from the U.S., given the strongly integrated trade and manufacturing cycle links to its northern neighbor. At the same time, December’s fall in the manufacturing PMIs give little hope of stronger GDP growth in Q4, following a slowdown in Q3. Adding to the bad news for the manufacturing sector, carmakers are feeling the pressure coming from Trump’s threats to impose tariffs on vehicles assembled in Mexico and exported to the U.S. On 3 January, Ford Motor Company bowed to the pressure and announced that it had cancelled plans for a new plant in the country. It remains to be seen if future U.S. investment into Mexico’s industrial sector, particularly in the car industry, will be under threat of cancellation or reduction this year.
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||7.64||-0.78 %||Jan 20|
|Exchange Rate||21.59||-1.64 %||Jan 20|
|Stock Market||46,332||0.14 %||Jan 20|
Mexico Economic Growth
January 17, 2017With fears that Donald Trump’s protectionist agenda will wreak havoc on Mexico’s economy, the outlook is becoming gloomier. Analysts expect the economy to decelerate to 1.8% growth in 2017, which is down 0.2 percentage points from last month’s projection, after an estimated 2.1% growth in 2016. For 2018, GDP is forecast to increase 2.3%.
Mexico Economic News
January 9, 2017
Mexico’s inflation ended 2016 slightly above Banxico’s target of 3.0% as an extremely weak peso caused prices to accelerate in the final quarter of the year.
January 2, 2017
Mexican workers abroad continue to take advantage of a weak peso to send remittances home.
December 23, 2016
November’s trade report brought positive news.
December 22, 2016
Expenditure-based data released by Mexico’s National Statistics Institute (INEGI) showed that GDP increased 2.0% in the third quarter, decelerating from a 2.6% expansion in the second quarter.
December 22, 2016
Mexico - October’s monthly proxy GDP (IGAE) produced by INEGI decelerated from a 1.6% year-on-year increase in September to a 1.2% expansion in October and fell also short of the 1.4% rise the markets had expected.