Mexico's economic activity expanded 0.3 percent from a year earlier in July 2019, rebounding from a 0.9 percent contraction in the previous month and beating market consensus of a 0.2 percent growth. Primary activities advanced 4.1 percent, faster than a 2.5 percent rise in June and the tertiary sector grew 1.2 percent, after shrinking 0.2 percent. Additionally, secondary output contracted 1.7 percent, less than a 2.9 percent decline in the prior month. On a seasonally adjusted monthly basis, economic activity shrank 0.1 percent, following a 0.2 percent expansion in June. Leading Economic Index in Mexico averaged 2.40 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 0.60 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 1.50 in 12 months time. In the long-term, the Mexico Overall Index of Economic Activity is projected to trend around 2.00 percent in 2020, according to our econometric models.

Mexico Overall Index of Economic Activity
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-24 01:00 PM Economic Activity YoY Apr -1.4% 1.3% 1%
2019-07-26 11:00 AM Economic Activity YoY May -0.4% -1.5% -0.9% -1%
2019-08-23 11:00 AM Economic Activity YoY Jun -0.9% -0.4% -0.6% -0.4%
2019-09-26 11:00 AM Economic Activity YoY Jul 0.3% -0.9% 0.2% 0.3%
2019-10-24 11:00 AM Economic Activity YoY Aug 0.3% 0.3%
2019-11-25 12:00 PM Economic Activity YoY Sep 0.6%
2019-12-24 12:00 PM Economic Activity YoY Oct 0.8%


Mexico Business Last Previous Highest Lowest Unit
Business Confidence 50.30 49.90 58.60 34.00 Index Points [+]
Manufacturing PMI 49.10 49.00 57.10 49.00 [+]
Industrial Production -1.30 -1.80 23.82 -17.50 percent [+]
Industrial Production Mom 0.80 -0.30 8.50 -8.00 percent [+]
Manufacturing Production -0.48 3.04 18.26 -17.74 percent [+]
Capacity Utilization 82.60 81.10 82.60 74.10 percent [+]
Changes in Inventories 125471.00 175670.00 280410.00 49273.00 MXN Million [+]
Total Vehicle Sales 63059.00 62669.00 127604.00 6318.00 [+]
Car Production 318.91 337.46 381.99 35.61 Thousand Units [+]
Car Registrations 63059.00 62669.00 127604.00 6318.00 [+]
Leading Economic Index 0.30 -0.90 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 [+]
Steel Production 1410.00 1440.00 1850.00 466.00 Thousand Tonnes [+]
Private Investment -7.60 -8.80 33.10 -41.90 percent [+]
Mining Production -3.18 -7.57 45.30 -25.22 percent [+]
Competitiveness Index 64.95 64.60 64.95 4.18 Points [+]
Competitiveness Rank 48.00 46.00 66.00 44.00 [+]
Crude Oil Rigs 44.00 33.00 107.00 8.00 [+]
Corruption Index 28.00 29.00 37.00 26.60 Points [+]
Corruption Rank 138.00 135.00 138.00 32.00 [+]
Ease of Doing Business 54.00 49.00 55.00 42.00 [+]
Gold Production 6686.00 6746.00 11688.00 384.00 Kg [+]


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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 -0.90 12.60 -11.00 1994 - 2019 percent Monthly
2013=100, NSA




Country Last Previous
Argentina 0.90 Aug/19
Australia -0.30 Aug/19
Brazil 0.07 Aug/19
Canada 0.00 Jul/19
Japan 91.70 Aug/19
Mexico 0.30 Jul/19
Russia 1.60 Aug/19
Singapore 108.10 Jun/19
South Africa 0.70 Jul/19
South Korea 114.90 Aug/19
Turkey 3.88 Aug/19
United Kingdom 0.30 Aug/19
United States 128.88 Aug/19


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