Industry in Mexico

Mexico Industry | Economic News & Forecasts

Mexico - Industry

Disappointing second-quarter growth confirmed the many challenges facing the economy in the run-up to the 1 July general election, which Andrés Manuel López Obrador (AMLO) and his left-wing MORENA-led coalition won in a landslide. On a quarter-on-quarter basis, the services sector was resilient in the face of cool consumer sentiment amid political uncertainty and the wild volatility of the peso. Industrial output, however, contracted on weaker construction activity, although manufacturing metrics appear to have been buoyed by the weaker peso. Meanwhile, weak momentum heading into the third quarter translated into mixed data for July. Nevertheless, in the weeks since AMLO’s victory, the economic landscape has improved considerably; AMLO has since been embraced by the business leaders that once denounced him, and the prospect of new faces has given NAFTA negotiators room to walk back their hard lines.

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

ValueChangeDate
Bond Yield7.91-0.24 %Aug 15
Exchange Rate19.14-0.29 %Aug 15
Stock Market48,5570.12 %Aug 15

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Economic News

  • Mexico: Consumer confidence hits decade-high following AMLO’s win

    August 3, 2018

    Consumer sentiment jumped in July on the heels of the 1 July general election, with the seasonally-adjusted consumer confidence index published by INEGI hitting a decade-high 101.7 points, up from a revised 88.6 points in June (previously reported: 88.0 points).

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  • Mexico: Banxico holds rates in August

    August 2, 2018

    At its 2 August monetary policy meeting, Banxico’s five-member board voted unanimously to hold the target rate at 7.75% after previously hiking rates ahead of the 1 July general election, a move broadly in line with market expectations.

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  • Mexico: Remittance inflows accelerate in June

    August 1, 2018

    Remittances totaled USD 3.1 billion in June (May: USD 3.2 billion), a robust 23.1% increase from the same month last year, accelerating from the revised 17.1% rise registered in May (previously reported: +19.8% year-on-year).

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  • Mexico: Growth disappoints in Q2 amid election-year challenges

    July 31, 2018

    A preliminary estimate for economic activity in the second quarter confirmed the challenges facing the economy in the run-up to the 1 July general election, with growth in the quarter coming up short against market expectations.

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  • Mexico: Trade deficit widens in June

    July 27, 2018

    Merchandise trade recorded a USD 0.9 billion deficit in June (May: USD 1.6 billion deficit), widening markedly from the USD 0.0 billion trade balance registered in June 2017.

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