Unemployment in Mexico
Mexico - UnemploymentAvailable data suggests that the economy remained subdued in the final quarter of 2019, after it shrank again in the third quarter on falling investment and government expenditure. Economic activity contracted at the sharpest pace in seven months in October, dragged down by a broad-based decline in output across the major sectors. Moreover, the industrial sector continued to be mired in recession through November, largely weighed on by the ailing construction industry, while the manufacturing PMI deteriorated even further in Q4. Externally, goods exports slumped for the third month running in November, while a plunge in imports in the same month—the steepest in over a decade—point to restrained domestic demand in the final stretch of the year. On the policy front, the U.S. Senate ratified the U.S.-Mexico-Canada trade deal on 16 January, 14 months after the three countries first announced the agreement, boding well for the country’s investment climate. Canada’s ratification is still pending, however.
Mexico - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Mexico Unemployment Chart
Source: Mexico National Statistical Institute (INEGI).
|Bond Yield||6.87||-0.24 %||Dec 31|
|Exchange Rate||18.93||-0.29 %||Jan 01|
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February 13, 2020
At its first meeting of the year on 13 February, the Governing Board of the Bank of Mexico (Banxico) unanimously decided to slash the target for the overnight interbank interest rate by 25 basis points to 7.00%, marking the fifth consecutive cut and coming in line with market expectations.
February 7, 2020
Consumer confidence improved slightly at the outturn of 2020, with the seasonally-adjusted consumer confidence indicator published by the Statistical Institute (INEGI) coming in at 44.2 points in January, up from December’s 43.5 reading.
February 7, 2020
Consumer prices rose 0.48% from the previous month in January, following the 0.56% month-on-month increase logged in December.
February 5, 2020
The seasonally-adjusted manufacturing Purchasing Managers’ Index (PMI) produced by the Mexican Institute of Financial Executives (IMEF) climbed from 47.0 in December to 48.2 at the start of 2020, signaling a softer contraction in the manufacturing sector.
February 4, 2020
Remittances totaled USD 3.1 billion in the final month of 2019 (November: USD 2.9 billion), a 3.1% increase from the same month in 2018 and contrasting the 2.3% decline logged in November, which was the first in over three years.