Mexico Economic Outlook
April 17, 2018
The economy is gradually regaining traction following an anemic performance in H2 2017. In January, private consumption expanded at a five-month high in annual terms on the back of ebbing inflationary pressures and robust employment growth, while fixed investment rose at its second-highest rate in nearly two years. Likewise, healthy employment growth in February and a marked slowdown in inflation in Q1 should further lift private spending; double-digit capital import growth in the first two months of the year bodes well for capital outlays. A pick-up in investment and another round of successful bidding for multiple oil basins in the Gulf of Mexico are encouraging signs of economic resilience amid a busy political agenda dominated by ongoing NAFTA talks and looming general elections. Official campaigning began in earnest in early April, with left-of-center nationalist candidate López Obrador leading most polls by a double-digit margin.Mexico Economic Growth
Dwindling price pressures, firmer credit growth, tight labor conditions and robust remittances should support household consumption this year. Healthy factory output in the U.S. is also expected to buttress manufacturing exports, while incipient signs of a potentially successful renegotiation of NAFTA should benefit fixed investment. FocusEconomics panelists expect growth of 2.2% in 2018, which is unchanged from last month’s estimate. For 2019, analysts see growth accelerating slightly to 2.3%.Mexico Economy Data
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Mexico Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 7.47 | -0.24 % | Apr 19 |
| Bond Yield | 7.47 | -0.24 % | Apr 19 |
| Exchange Rate | 18.44 | -0.29 % | Apr 19 |
| Exchange Rate | 18.44 | -0.29 % | Apr 19 |
| Stock Market | 48,745 | 0.12 % | Apr 19 |
| Stock Market | 48,745 | 0.12 % | Apr 19 |
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Mexico Economic News
Mexico: Banxico pauses hiking cycle in April as inflation decelerates more than projected
April 12, 2018
At its 12 April monetary policy meeting, Banxico’s five-member board unanimously decided to pause the hiking cycle and maintain the policy rate steady at 7.50%, a move widely expected by market analysts.
Mexico: Inflation eases for third consecutive month in March
April 9, 2018
Consumer prices rose 0.32% from the previous month in March, just below the 0.38% increase recorded in February and the third sequential moderation in month-on-month consumer price growth.
Mexico: Consumer confidence deteriorates further in March
April 5, 2018
Consumer sentiment continued to trend downwards in March despite the United States’ more conciliatory tone regarding NAFTA, decelerating inflation, a tight labor market and a peso well off its December lows.
Mexico: Manufacturing activity strengthens in March
April 2, 2018
The manufacturing sector closed the first quarter on a relatively solid note, with survey-based data pointing to an acceleration in output growth and improved demand levels in March.
Mexico: Remittance inflows grow briskly in February
April 2, 2018
Remittances totaled USD 2.2 billion in February, a 6.9% increase in year-on-year terms and below the 7.5% rise recorded in January.
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