Mexico Economic Activity April 2018

Mexico

Mexico: Economic activity accelerates in April

June 22, 2018

Economic activity accelerated at the outset of the second quarter, rising 4.5% from a year earlier in April (March: -0.8% year-on-year). According to INEGI, April’s reading was the strongest in 13 months, bolstered by across-the-board expansions and led by gains in the services sector (April: +4.9% yoy; March: +0.4% yoy). Both the agricultural (April: +3.9% yoy; March: +7.0% yoy) and industrial (April: +3.8% yoy; March: -3.8% yoy) sectors posted robust gains in the month, as well.

On a month-on-month basis, economic activity contracted 0.6% (March: +0.2% month-on-month).

Banxico expects growth of 2.0%–3.0% in 2018 and 2.2%–3.2% in 2019. Panelists participating in the LatinFocus Consensus Forecast expect growth of 2.2% in 2018, which is unchanged from last month’s forecast. Growth is projected to pick up to 2.3% in 2019.


Author:, Economist

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Mexico Economic Activity Chart


Mexico Economic Activity April 2018

Note: Year-on-year changes and annual average growth rate of monthly economic activity in %.
Source: Mexico National Statistics Institute (INEGI)


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