Industry in Mexico

Mexico Industry | Economic News & Forecasts

Mexico - Industry

Mexico’s economy stumbled into the new year, tripping on a series of one-off industrial- and services-sector shocks in the first quarter. Moreover, across-the-board uncertainty hampered activity as trade-related anxieties and policy ambiguity at the outset of AMLO’s presidency rattled manufacturing and public-sector services, respectively. Second-quarter indicators, meanwhile, have fared little better. Deteriorating consumer confidence and an uptick in the unemployment rate suggest modest gains in household spending, while downbeat survey-based data point to the further pullback of fixed investment and shakier export growth. On 7 June, U.S. President Donald Trump suspended the so-called immigration tariffs that were set to be levied on Mexican imports as of 10 June. The damage had already been done, however; two of the three credit-rating agencies issued warnings amid mounting concerns over state-owned Pemex and aggravated downside risks to growth.

Mexico - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-0.2  2.6  1.2  0.4  -0.6  

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Mexico Industry Chart

Mexico Industry
Note: Annual variation of industrial production in %.
Source: Mexico National Statistical Institute (INEGI) and FocusEconomics calculations.

Mexico Facts

Bond Yield7.63-0.24 %Jun 20
Exchange Rate19.00-0.29 %Jun 20
Stock Market43,6450.12 %Jun 20

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