Industry in Mexico

Mexico Industry | Economic News & Forecasts

Mexico - Industry

A second GDP release revealed that the economy escaped recession by an even narrower margin than initially thought: Output stagnated on a quarterly basis in Q2, which was revised down from the fractional expansion shown in the flash estimate, following a mild contraction in Q1. In annual terms, activity slumped for the first time since 2009 on the back of a sharp decline in industrial-sector output. Although expenditure-side data is pending release, private consumption likely remained subdued—despite solid growth of remittances and wages—while capital spending remained depressed. Looking ahead, the manufacturing PMI slid further into negative territory in August on falling output and new orders; meanwhile, that of services edged up but remained in contractionary mode, pointing to continued private-sector weakness at the start of Q3. In other news, the Finance Ministry presented a widely anticipated, fiscally-prudent 2020 budget to Congress on 8 September, targeting a primary surplus of 0.7% of GDP, down slightly from the 1.0% penciled in for this year.

Mexico - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-0.2  2.6  1.2  0.4  -0.3  

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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 Yield6.95-0.24 %Sep 04
Exchange Rate19.72-0.29 %Sep 04
Stock Market42,3240.12 %Sep 04

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