Mexico's industrial production rose 1.6 percent over a year earlier in September of 2021, slowing from an upwardly revised 5.5 percent hike in the previous month and missed market expectations of a 3.9 percent increase. The latest reading pointed to the seventh straight month of expansion in the industrial sector, although at a softest rate in the current sequence, as international supply chains are faced with intense disruptions, namely material shortages and soaring energy prices. Growth was again sharp in the construction sector (8.3 percent vs 8.8 percent in August) and mining activities maintained robust momentum (2.0 percent, the same as in August). Meanwhile, output fell for manufacturing activities (-0.4 percent vs 6.6 percent) and utilities (-3.3 percent vs -5.1 percent). On a seasonally adjusted monthly basis, industrial output unexpectedly retreated 0.4 percent, following a revised flat reading in August and compared to market estimates of a 0.1 percent increase. source: Instituto Nacional de Estadística y Geografía (INEGI)
Industrial Production in Mexico averaged 1.54 percent from 1980 until 2021, reaching an all time high of 36.50 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 December of 2021.
Industrial Production in Mexico is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Industrial Production is projected to trend around 2.00 percent in 2022, according to our econometric models.