International Reserves in Mexico
Mexico - International Reserves
Current account deficit widens amid recovering domestic demand
The current account registered a deficit of USD 1.8 billion in the third quarter, which was larger than the previous quarter's deficit of USD 0.6 billion, but smaller than the USD 3.6 billion deficit incurred in the same quarter last year. Moreover, the reading came in above market expectations, which had the current account deficit reaching USD 3.0 billion in the third quarter. The quarterly figure was mostly led by a widening of the trade balance deficit (Q2: USD 0.1 billion; Q3: USD 2.3 billion). Exports reached USD 75.5 billion, which represented a minor improvement over the previous quarter (Q2: USD 74.7 billion) while imports rose more markedly form USD 74.7 billion in the second quarter to USD 77.8 billion in the third quarter. Furthermore, a wider deficit in the services balance also contributed to the deterioration of the current account, as it increased from USD 2.7 billion in the second quarter to USD 3.0 billion in the third quarter. Yet, the widening deficit was partially offset by an improvement in the income balance deficit (Q2: USD 3.8 billion; Q3: USD 2.1 billion). Meanwhile, the transfers balance fell from a USD 5.9 billion surplus in the second quarter to a USD 5.6 billion surplus in the third quarter, driven almost entirely by lower remittances from workers abroad, which dropped to USD 5.5 billion (Q2: USD 5.8 billion). Owing to the moderate quarterly reading, the moving annual current account deficit shrank from USD 5.3 billion in the second quarter to USD 3.5 billion in the third quarter.
Mexico - International Reserves Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| International Reserves (USD) | 177 | 177 | 173 | 175 | 181 |
Mexico International Reserves Chart
Source: Mexico National Statistical Institute (INEGI) and FocusEconomics calculations.
Mexico Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.87 | -0.24 % | Dec 31 |
| Exchange Rate | 18.93 | -0.29 % | Jan 01 |
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Economic News
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Mexico: Inflation remains stable in December
January 7, 2022
Consumer prices rose 0.36% from the previous month in December, which was below the 1.14% increase recorded in November.
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Mexico: Consumer confidence deteriorates in December
January 5, 2022
Consumer confidence fell to 44.5 in December from November's 46.0.
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Mexico: Remittances continue to surge in November
January 3, 2022
Remittances summed USD 4.7 billion in November, representing a 37.7% year-on-year surge.
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Mexico: Manufacturing PMI rises to over two-year high in December; Services PMI picks up
January 3, 2022
The Mexican Institute of Financial Executives (IMEF) Manufacturing Purchasing Managers’ Index (PMI) rose to 52.6 in December from November's 50.8.
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Mexico: Decline in economic activity softens in October
December 24, 2021
The monthly indicator for economic activity (IGAE) fell 0.2% in month-on-month seasonally-adjusted terms in October, which was a smaller drop than September's 0.4% decrease.
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