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.