The economic activity in Mexico advanced 1.1 percent year-on-year in February 2019, slowing from a 1.3 percent rise in the previous month. Services grew at a softer pace (1.7 percent vs 2.2 percent in January), mainly due to wholesale trade (-1.3 percent vs 4.5 percent) and the secondary sector continued to contract (-0.8 percent vs -1 percent), driven by mining (-6.4 percent vs -10.1 percent); utilities (-1.1 percent vs -1.7 percent); construction (-1.1 percent vs 1.3 percent). Also, output rose less for manufacturing (1.1 percent vs 1.3 percent). In contrast, the agricultural sector surged (9.2 percent vs 3.8 percent). On a seasonally adjusted monthly basis, economic activity expanded 0.3 percent, following a 0.2 percent growth in the prior month. Leading Economic Index in Mexico averaged 2.43 percent from 1994 until 2019, reaching an all time high of 12.60 percent in October of 1996 and a record low of -11 percent in April of 2009.

Leading Economic Index in Mexico is expected to be 2.00 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 2.00 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.

Mexico Overall Index of Economic Activity
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-01-24 02:00 PM Economic Activity YoY 1.8% 2.9% 1.2% 1.7%
2019-02-25 02:00 PM Economic Activity YoY 0% 1.8% 0.5% 1.5%
2019-03-25 02:00 PM Economic Activity YoY 1.3% 0% 0.5% 0.3%
2019-04-26 01:00 PM Economic Activity YoY 1.1% 1.3% 1.1%
2019-05-24 01:00 PM Economic Activity YoY 1.1% 0.8% 0.9%
2019-06-21 01:00 PM Economic Activity YoY
2019-07-26 01:00 PM Economic Activity YoY


Mexico Business Last Previous Highest Lowest Unit
Business Confidence 53.00 52.80 58.60 34.00 Index Points [+]
Manufacturing PMI 50.10 49.80 57.10 49.20 [+]
Industrial Production -0.15 -0.96 23.82 -17.50 percent [+]
Industrial Production Mom -1.30 0.30 8.40 -8.00 percent [+]
Manufacturing Production 2.78 0.79 18.26 -17.74 percent [+]
Capacity Utilization 80.80 81.20 82.50 74.10 percent [+]
Changes in Inventories 175359.00 166654.31 280468.77 49272.84 MXN Million [+]
Total Vehicle Sales 67680.00 61448.00 127604.00 6318.00 [+]
Car Production 299.71 346.87 381.99 35.61 Thousand Units [+]
Car Registrations 67680.00 61448.00 127604.00 6318.00 [+]
Leading Economic Index 1.10 1.30 12.60 -11.00 percent [+]
Internet Speed 7538.43 7213.58 7538.43 949.27 KBps [+]
IP Addresses 13309655.00 13057425.00 14700484.00 4009120.00 IP [+]
Private Investment -1.90 1.60 33.10 -41.90 percent [+]
Mining Production -6.00 -6.50 45.30 -25.22 percent [+]
Steel Production 1780.00 1435.00 1850.00 466.00 Thousand Tonnes [+]
Competitiveness Index 64.60 64.14 64.60 4.18 Points [+]
Competitiveness Rank 46.00 44.00 66.00 44.00 [+]
Crude Oil Rigs 30.00 24.00 107.00 8.00 [+]
Ease of Doing Business 54.00 49.00 55.00 42.00 [+]
Corruption Index 28.00 29.00 37.00 26.60 Points [+]
Corruption Rank 138.00 135.00 138.00 32.00 [+]


Mexico Overall Index of Economic Activity

In Mexico, the Leading Index provides early signal on the direction in which the economy is going. It aggregates the following indicators: employment trend in manufacturing sector, non-oil exports, Mexican stock exchange index in real terms, real exchange rate, the interbank interest rate, Standard & Poor's 500. The index has a base value of 100 as of 2008. This page provides the latest reported value for - Mexico Overall Index of Economic Activity - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Mexico Overall Index of Economic Activity - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.10 1.30 12.60 -11.00 1994 - 2019 percent Monthly
2013=100, NSA




Country Last Previous
Argentina -1.50 Mar/19
Australia 0.20 Mar/19
Brazil -0.28 Mar/19
Canada -0.10 Feb/19
Japan 96.30 Mar/19
Mexico 1.10 Feb/19
Russia 0.60 Mar/19
Singapore 112.00 Dec/18
South Africa -1.80 Jan/19
South Korea 113.70 Mar/19
Turkey 0.36 Mar/19
United Kingdom 0.50 Mar/19
United States 125.78 Mar/19


Related

Latest