Mexico Economic Outlook
January 16, 2018Mexico is navigating choppy economic waters, with leading data for Q4 indicating that growth only recovered somewhat from Q3’s near four-year low. Industrial data up to November remained depressed due to free-falling mining output and decelerating manufacturing production growth. Retail sales contracted again on an annual basis in October on the back of moderating credit growth, painfully high inflation and a weak peso. PMI releases for the October-to-December period suggest economic activity recovered from earthquake- and hurricane-related disruptions and grew at a moderate clip, but lingering uncertainty regarding NAFTA and presidential elections in July likely continued to stave off fixed investment in the quarter.
Mexico Economic GrowthEconomic growth will remain subdued throughout the first half of the year, weighed down by uncertainty, high inflation and softening employment gains. Analysts expect growth to then pick up in the second half of the year as inflation gradually eases and political noise recedes, which should allow the Central Bank to ease monetary conditions, further boosting the economic recovery. The FocusEconomics panel expects growth of 2.2% in 2018, which is unchanged from last month’s estimate. For 2019, analysts see growth accelerating to 2.4%.
Mexico Economy Data
5 years of Mexico economic forecasts for more than 30 economic indicators.
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|Bond Yield||7.31||-0.24 %||Dec 06|
|Exchange Rate||18.87||-0.29 %||Dec 06|
|Stock Market||46,973||0.12 %||Dec 06|
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Mexico Economic News
January 9, 2018
Price pressures remained acute in December, with pass-through effects from a weakened peso and higher commodity prices fueling increases on both core and non-core prices.
January 2, 2018
Remittances totaled USD 2.3 billion in November, a 4.7% decrease from the same month in the previous year and a marked contrast to the 19.0% surge recorded in October.
January 2, 2018
A decline in December in the seasonally-adjusted manufacturing indicator produced by the Mexican Institute of Financial Executives (IMEF) suggests that the Mexican economy closed the year on a soft note.
December 27, 2017
Exports increased 9.2% from the same month of the previous year in November, totaling USD 37.5 billion.
December 21, 2017
The economy started the fourth quarter on a soft note, with activity in the industrial sector contracting for a fifth consecutive month despite healthy auto sector and a robust U.S. manufacturing sector performance.