Industry in Mexico
Mexico - IndustryMexico’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
|Industrial Production (annual variation in %)||-0.2||2.6||1.2||0.4||-0.6|
5 years of economic forecasts for more than 30 economic indicators.
Mexico Industry Chart
Source: Mexico National Statistical Institute (INEGI) and FocusEconomics calculations.
|Bond Yield||7.63||-0.24 %||Jun 20|
|Exchange Rate||19.00||-0.29 %||Jun 20|
|Stock Market||43,645||0.12 %||Jun 20|
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June 21, 2019
Expenditure-based national accounts released by the Statistical Institute (INEGI) on 21 June confirmed tepid first-quarter growth.
June 10, 2019
Mexico and the United States reached a tenuous agreement on 7 June to avoid crippling U.S.-imposed tariffs on all Mexican imports that had been set to take effect only days later.
June 7, 2019
Consumer prices declined 0.29% from a month earlier in May, contrasting the 0.05% month-on-month increase in April.
June 4, 2019
Consumer confidence fell again in May, with the seasonally-adjusted consumer confidence index published by the Statistical Institute (INEGI) coming in at 110.0 points, down from 112.8 points in April.
June 3, 2019
Economic activity remained lackluster in March.