Industry in Mexico

Mexico Industry | Economic News & Forecasts

Mexico - Industry

Incoming data suggests that the second quarter’s improved momentum largely held up in the third quarter as the Mexican economy continues to benefit from buoyant growth in the United States. Economic activity surged in July and exports grew at a double-digit pace in both July and August. Meanwhile, recently-released GDP by expenditure data for Q2 revealed an all-round strengthening of the economy, with private consumption, fixed investment and exports all picking up pace in the quarter, which were also boosted by positive calendar effects. On the political front, Canada, Mexico and the United States struck a deal to update NAFTA on 30 September. The new deal, named the United States-Mexico-Canada agreement (USMCA), safeguards tariff-free regional trade and should improve business confidence in Mexico as the country maintains premium access to export to the U.S. However, some notable changes were made to NAFTA, including upping the regional content of automobiles and demanding that a portion of car production must be done by workers being paid over USD 16 dollars per hour.

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 Yield8.17-0.24 %Oct 18
Exchange Rate19.15-0.29 %Oct 18
Stock Market47,0240.12 %Oct 18

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