Unemployment in Mexico
Mexico - UnemploymentRevised figures show that the economy expanded 1.0% quarter on quarter in Q1, marginally faster than previously estimated. The reading was driven by a sharp rebound in services activity, likely as the impact of last year’s labor outsourcing ban faded. Industrial output also picked up pace amid increased vehicle production and strong U.S. import demand, while the agricultural sector shrank. In Q2, available data suggests a continued—albeit milder—expansion, as higher inflation and interest rates weigh on activity. Experimental data from the statistics office pointed to a slowdown in economic growth in April due to softer services momentum. Moreover, both the manufacturing and services PMIs declined somewhat in May. However, strong employment and wage growth in the U.S. continues to spur remittances inflows, which should be buttressing consumption.
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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November 1, 2022
The Mexican Institute of Financial Executives (IMEF) Manufacturing Purchasing Managers’ Index (PMI) came in at 50.1 in October, down from September's 50.3.
October 29, 2022
According to a preliminary reading, GDP growth accelerated somewhat to 1.0% on a seasonally adjusted quarter-on-quarter basis in the third quarter, up from 0.9% in the second quarter and beating market expectations for a slowdown to 0.6%.
October 27, 2022
Merchandise exports soared 25.3% annually in September (August: +25.2% year-on-year).
October 7, 2022
Inflation held steady at August's 8.7% in September, well above the Central Bank’s 2.0%–4.0% target range.
October 5, 2022
Consumer confidence rose to 41.0 in September from August's 40.9.