Mexico's industrial production went up 7.3 percent over a year earlier in July of 2021, following a 13.5 percent hike in the previous month and slightly faster than market expectations of a 7 percent rise. The latest reading pointed to the fifth straight month of expansion in the industrial sector, although at a softer rate as baseline effects fade. The strongest growth was recorded for construction (15.0 percent vs 15.1 percent in June); followed by manufacturing (6.2 percent vs 16.4 percent); utilities (4.1 percent vs 7.0 percent); and mining (3.2 percent vs 4.9 percent). On a seasonally adjusted monthly basis, industrial output rose 1.1 percent, following an upwardly revised 0.9 percent decline in June and beat market estimates of a 0.3 percent increase. source: Instituto Nacional de Estadística y Geografía (INEGI)
Industrial Production in Mexico averaged 1.53 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 September of 2021.
Industrial Production in Mexico is expected to be 5.50 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.