Unemployment in Mexico
Mexico - UnemploymentPreliminary data revealed that GDP contracted at a softer annual pace in Q3 than in Q2 as activity gradually recovered from the Covid-19 blow. On a quarterly basis, the economy rebounded vigorously, growing at the sharpest rate on record. The results underlined an uneven recovery in the making: Firmer foreign demand largely buoyed the industrial sector via a solid recovery in exports, particularly those tied to manufacturing. Meanwhile, the key services sector, which accounts for about two thirds of the economy, lagged behind as some form of restrictions prevailed in most of the country and still-elevated unemployment and weak sentiment weighed on domestic demand. Looking ahead, this pattern seems to have continued into Q4: In October, the manufacturing PMI jumped to growth territory, albeit just barely, for the first time in 17 months, whereas the services PMI retreated further into contractionary terrain.
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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June 9, 2021
Consumer prices increased 0.20% over the previous month in May, coming in below April's 0.33% rise.
June 3, 2021
Consumer confidence came in at 42.7 in May, up from April's 42.4.
June 1, 2021
The IHS Markit Manufacturing Purchasing Managers’ Index (PMI) fell to 47.6 in May from April's 48.4.
June 1, 2021
Remittances totaled USD 4.1 billion in April, representing a 39.1% year-on-year increase.
May 26, 2021
According to a second estimate, GDP fell at a softer rate of 3.6% year-on-year in the first quarter (previously reported: -3.8% year-on-year), above the 4.5% decline recorded in the fourth quarter of last year.