Mexico Nominal Hourly Wages in Manufacturing  Forecast


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Wages in Manufacturing in Mexico is expected to be 2.30 USD/Hour by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Manufacturing in Mexico to stand at 2.20 in 12 months time. In the long-term, the Mexico Nominal Hourly Wages in Manufacturing is projected to trend around 2.40 USD/Hour in 2020, according to our econometric models.


Mexico Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 3.6 3.7 3.6 3.6 3.6 3.5
Employed Persons 52438646 51900000 51900000 51900000 52038983 52500000
Unemployed Persons 1931269 2370000 1948874 1920679 1925649 23600000
Labor Force Participation Rate 59.1 60 59.84 60.2 60.3 61
Labour Costs 85.7 101 86.74 87.63 88.27 105
Productivity 105 109 106 106 106 115
Wages 332 332 334 348 338 377
Wages in Manufacturing 2.4 2.3 2.3 2.3 2.2 2.4
Minimum Wages 80.04 80.04 86.02 86.02 86.02 96.17
Population 122 124 125 125 124 128
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Wages Low Skilled 5560 4878 5180 5207 5234 5800
Wages High Skilled 16700 15700 15800 15900 14878 17400
Living Wage Family 8260 8267 8270 8272 8274 8275
Living Wage Individual 4470 4537 4553 4561 4569 4599
Employment Rate 96.4 96.1 96.4 96.5 96.5 96.4