Industry in Mexico

Mexico Industry | Economic News & Forecasts

Mexico - Industry

Preliminary GDP figures revealed that growth slid sharply in the final quarter of 2018, weighed on by a contraction in the industrial sector. Slumping construction activity and plunging mining output drove the downturn, while services growth held up relatively well. Although a breakdown by expenditure is not yet available for the quarter, the external sector is likely to have been hurt by more tepid demand, while domestic policy uncertainty likely continued to bruise business sentiment and contain investment. Meanwhile, available data for the start of the year is mixed. The manufacturing PMI edged up in January but continued to point to contraction in the industrial sector, while consumer confidence jumped in the same month. In addition, widespread reports of gasoline shortages at the start of the year likely hampered activity in January. The shortages came after the government closed several gas pipelines to combat gasoline theft, which is a priority for new president Andrés Manuel López Obrador.

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 Yield8.37-0.24 %Feb 20
Exchange Rate19.22-0.29 %Feb 20
Stock Market43,1780.12 %Feb 20

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