Mexico's industrial production expanded 36.4 percent over a year earlier in May of 2021, almost unchanged from a downwardly revised 36.5 percent surge in the previous month and was marginally lower than market expectations of a 36.9 percent increase. The latest reading pointed to the second straight month of double-digit growth in industrial output and the second strongest on records, mainly due to low base effects accounting for the pandemic effects on industrial activity last year. Main upward pressure came from manufacturing (48.0 percent vs 52.0 percent in April) and construction (45.0 percent vs 44.9 percent). To a lesser extent, positive contributions also came from mining activities (8.9 percent vs 5.2 percent) and production of utilities (8.7 percent vs -2.8 percent). On a seasonally adjusted monthly basis, industrial output edged up 0.1 percent, following an upwardly revised 0.3 percent decline in the prior month and missed market estimates of a 0.3 percent gain. source: Instituto Nacional de Estadística y Geografía (INEGI)

Industrial Production in Mexico averaged 1.49 percent from 1980 until 2021, reaching an all time high of 36.60 percent in April of 2021 and a record low of -30.43 percent in May of 2020. This page provides - Mexico Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.

Industrial Production in Mexico is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Mexico to stand at 1.00 in 12 months time. In the long-term, the Mexico Industrial Production is projected to trend around 2.00 percent in 2022, according to our econometric models.

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Mexico Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
36.40 36.50 36.50 -30.43 1980 - 2021 percent Monthly
2013=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-09 11:00 AM Feb -4.5% -5% -5.6% -5.7%
2021-05-12 11:00 AM Mar 1.7% -4.5% 0.9% 0.6%
2021-06-11 11:00 AM Apr 36.6% 1.7% 36.7% 40%
2021-07-12 11:00 AM May 36.4% 36.5% 36.9% 33%
2021-08-11 11:00 AM Jun 36.4%
2021-09-10 11:00 AM Jul
2021-10-12 11:00 AM Aug
2021-11-11 12:00 PM Sep


News Stream
Mexico Industrial Output Rises at Near Record Pace
Mexico's industrial production expanded 36.4 percent over a year earlier in May of 2021, almost unchanged from a downwardly revised 36.5 percent surge in the previous month and was marginally lower than market expectations of a 36.9 percent increase. The latest reading pointed to the second straight month of double-digit growth in industrial output and the second strongest on records, mainly due to low base effects accounting for the pandemic effects on industrial activity last year. Main upward pressure came from manufacturing (48.0 percent vs 52.0 percent in April) and construction (45.0 percent vs 44.9 percent). To a lesser extent, positive contributions also came from mining activities (8.9 percent vs 5.2 percent) and production of utilities (8.7 percent vs -2.8 percent). On a seasonally adjusted monthly basis, industrial output edged up 0.1 percent, following an upwardly revised 0.3 percent decline in the prior month and missed market estimates of a 0.3 percent gain.
2021-07-12
Mexico Industrial Output Surges at Record Pace in April
Mexico's industrial production surged 36.6 percent over a year earlier in April of 2021, following a 1.7 percent rise in the previous month and was marginally lower than market expectations of a 36.7 percent increase. It was the fastest expansion in industrial output on records, mainly due to low base effects accounting for the pandemic effects on industrial activity last year. Main upward pressure came from manufacturing (52.0 percent vs 6.3 percent in March) and construction (45.1 percent vs -5.6 percent). Meanwhile, output also rebounded in mining (5.5 percent vs -2.2 percent) and production of utilities contracted at a softer pace (-3.1 percent vs -3.5 percent). On a seasonally adjusted monthly basis, industrial output edged down 0.2, the first monthly decline since May of 2020, following a 0.7 percent advance in the prior month and came in line with market estimates.
2021-06-11
Mexico Industrial Output Rebounds Faster than Expected
Mexico's industrial production rebounded to 1.7 percent over a year earlier in March of 2021, from a 4.5 percent decline in the previous month and beat market expectations of a 0.9 percent gain. It was the fastest expansion in industrial output since September of 2018, mainly supported by a rebound in manufacturing output (6.2 percent vs -4.7 percent in February). At the same time, production contracted less in mining activities (-2.2 percent vs -2.5 percent) and utilities (-3.5 percent vs -9.8 percent), while construction fell at a faster pace (-5.5 percent vs -4.5 percent). On a seasonally adjusted monthly basis, industrial output went up 0. 7, following a downwardly revised 0.3 percent increase in the prior month and compared with market estimates of a 0.5 percent gain.
2021-05-12
Mexico Industrial Output Falls Less than Expected
Mexico's industrial production fell 4.5 percent over a year earlier in February of 2021, following an upwardly revised 5 percent decline in the previous month and compared with market expectations of a 5.6 percent slump. It was the 23rd consecutive month of falling output although at a softer pace, helped by smaller decreases in mining (-2.5 percent vs -3.4 percent in January) and construction (-4.4 percent vs -10.2 percent). Meanwhile, production fell faster for manufacturing (-4.7 percent vs -3.4 percent) and utilities (-9.9 percent vs -4.9 percent). On a seasonally adjusted monthly basis, industrial output went up 0.4 percent, after a 0.2 percent increase in the prior month and compared with market estimates of a 0.5 percent decrease. In the first two months of the year, industrial activity shrank 4.8 percent over a year ago.
2021-04-09

Mexico Industrial Production
In Mexico, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.