Industry in Mexico
Mexico - IndustryAvailable data suggests that the economy remained subdued in the final quarter of 2019, after it shrank again in the third quarter on falling investment and government expenditure. Economic activity contracted at the sharpest pace in seven months in October, dragged down by a broad-based decline in output across the major sectors. Moreover, the industrial sector continued to be mired in recession through November, largely weighed on by the ailing construction industry, while the manufacturing PMI deteriorated even further in Q4. Externally, goods exports slumped for the third month running in November, while a plunge in imports in the same month—the steepest in over a decade—point to restrained domestic demand in the final stretch of the year. On the policy front, the U.S. Senate ratified the U.S.-Mexico-Canada trade deal on 16 January, 14 months after the three countries first announced the agreement, boding well for the country’s investment climate. Canada’s ratification is still pending, however.
Mexico - Industry Data
|Industrial Production (annual variation in %)||-0.2||2.6||1.2||0.4||-0.3|
5 years of economic forecasts for more than 30 economic indicators.
Mexico Industry Chart
Source: Mexico National Statistical Institute (INEGI) and FocusEconomics calculations.
|Bond Yield||6.87||-0.24 %||Dec 31|
|Exchange Rate||18.93||-0.29 %||Jan 01|
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January 10, 2020
Consumer confidence was unchanged in December, with the seasonally-adjusted consumer confidence indicator published by the Statistical Institute (INEGI) coming in at 43.4 points, matching November’s reading.
January 9, 2020
Consumer prices rose 0.56% from the previous month in December, following the 0.81% month-on-month increase logged in November.
January 2, 2020
The seasonally-adjusted manufacturing Purchasing Managers’ Index (PMI) produced by the Mexican Institute of Financial Executives (IMEF) inched up to 46.8 in December from 46.6 in November, signaling a slightly softer contraction in the manufacturing sector compared to November.
January 1, 2020
Remittances totaled USD 2.9 billion in November (October: USD 3.1 billion), a 2.3% decline from the same month a year ago (October: +3.6% year-on-year) and marking the first drop since March 2016.
December 27, 2019
Exports dipped 2.9% year-on-year in November, following October’s softer 1.5% slip and marking the third consecutive month of falling exports.