Unemployment in Mexico
Mexico - UnemploymentA second GDP release showed that the economy was even weaker than previously estimated in the final quarter of last year, with output contracting more sharply year-on-year on shrinking manufacturing production and a still-reeling construction sector, while confirming the first full-year slump in a decade in 2019. Turning to Q1, available data points to a slight improvement in economic conditions, though downside risks have mounted. Although remaining in contractionary terrain, the manufacturing PMI averaged higher in January–February compared to Q4. The services PMI also fared as such, as did consumer confidence, but January’s tick-up in the unemployment rate and slower job growth might weigh on household spending. In addition, rising price pressures in February, which could be exacerbated further by the plunge in the peso, coupled with the coronavirus fallout, further cloud Q1 prospects.
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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April 7, 2020
Consumer prices slipped 0.05% from the previous month in March, following the 0.42% month-on-month increase logged in February.
April 3, 2020
Consumer confidence declined to its lowest point since November 2018 in March, with the seasonally-adjusted consumer confidence indicator published by the Statistical Institute (INEGI) coming in at 42.6, below February’s revised 43.8 reading (previously reported: 43.9).
April 1, 2020
The seasonally-adjusted manufacturing Purchasing Managers’ Index (PMI) produced by the Mexican Institute of Financial Executives (IMEF) slid to 45.0 in March from 48.0 in February, its lowest reading since April 2017 and signaling a sharper contraction of the manufacturing sector.
April 1, 2020
Remittances totaled USD 2.7 billion in February (January: USD 2.6 billion), representing a robust 10.5% increase from the same month in 2019 and following the 5.2% rise logged in January.
March 27, 2020
Exports climbed 0.6% year-on-year in February, below January’s 3.2% increase.