The economy activity in Mexico advanced 2.1 percent year-on-year in September 2018, following an upwardly revised 1.8 percent growth in August, but below market expectations of a 2.75 percent rise. Output grew faster for industries (1.8 percent vs 0.3 percent in August), while increased at a slower pace for services (2.3 percent vs 2.5 percent) and the agricultural sector (1.2 percent vs 2.9 percent). On a seasonally adjusted monthly basis, the Mexican economy expanded 0.4 percent, after showing no growth in the prior month. Leading Economic Index in Mexico averaged 2.65 percent from 1994 until 2018, reaching an all time high of 12.60 percent in October of 1996 and a record low of -9.80 percent in October of 1995.
Leading Economic Index in Mexico is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Mexico to stand at 2.20 in 12 months time. In the long-term, the Mexico Overall Index of Economic Activity is projected to trend around 2.40 percent in 2020, according to our econometric models.