Mexico's economic activity rose 1.7 percent year-on-year in November of 2021, following a downwardly revised 0.6 percent decrease in the previous month and beating market expectations of a 0.8 percent increase. It was the strongest growth in economic activity since August, helped by a strong recovery in primary activities (6.9 percent vs -3 percent in October) and also services (1.3 percent vs -1.1 percent). In addition, secondary activities grew faster (1.6 percent vs 0.7 percent), boosted by manufacturing (2.8 percent vs 0.1 percent) and mining (1.8 percent vs 1.1 percent). On a seasonally adjusted monthly basis, economic activity went up 0.3, following a 0.2 percent drop in the previous month and slightly above market estimates of a 0.2 percent rise. source: Instituto Nacional de Estadistica, Geografia e Informatica, Mexico

Monthly GDP YoY in Mexico averaged 2.09 percent from 1994 until 2021, reaching an all time high of 25.90 percent in May of 2021 and a record low of -22.60 percent in May of 2020. This page includes a chart with historical data for Mexico Economic Activity YoY. Mexico Economic Activity YoY - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

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Mexico Economic Activity YoY


Mexico Economic Activity YoY
In Mexico, the overall index of economic activity measures the evolution of the real sector of the economy, in the short term, providing valuable information for decision-making.
Actual Previous Highest Lowest Dates Unit Frequency
1.70 -0.60 25.90 -22.60 1994 - 2021 percent Monthly
NSA

Calendar GMT Actual Previous Consensus TEForecast
2021-12-24 12:00 PM Oct -0.7% 0.9% 0.9% 1.1%
2022-01-25 12:00 PM Nov 1.7% -0.6% 0.8% 0.3%
2022-02-25 12:00 PM Dec 1.7%


Related Last Previous Unit Reference
Monthly GDP YoY 1.70 -0.60 percent Nov/21
Monthly GDP MoM 0.30 -0.20 percent Nov/21


News Stream
Mexico Economic Activity Rebounds
Mexico's economic activity rose 1.7% year-on-year in November of 2021, following a downwardly revised 0.6% decrease in the previous month and beating market expectations of a 0.8% increase. It was the strongest growth in economic activity since August, helped by a strong recovery in primary activities (6.9% vs -3% in October). The services sector also bounced back (1.3% vs -1.1%), with positive contributions from hotels & restaurants (44.3% vs 47.1%), transport, post & storage (11.2% vs 12.1%), wholesale trade (8.9% vs 2.7%) and retail trade (6.8% vs 0.5%). In addition, secondary activities grew faster (1.6% vs 0.7%), boosted by manufacturing (2.8% vs 0.1%) and mining (1.8% vs 1.1%). On a seasonally adjusted monthly basis, economic activity went up 0.3%, following a 0.2% drop in the previous month and slightly above market estimates of a 0.2% rise.
2022-01-25
Mexico Economic Activity Unexpectedly Falls
Mexico's economic activity fell 0.7 percent year-on-year in October of 2021, following a 0.9 percent expansion in the previous month and compared with market expectations of a 0.9 percent increase. It was the first contraction since last February, as the services sector re-entered contractionary territory (-1.2 percent vs 0.7 percent in September) as the country struggles to recover from the third quarter pandemic-induced downturn. Also, output fell at a faster pace for primary activities (-3.0 percent vs -1.1 percent). The secondary sector, which encompasses manufacturing industries, saw growth slow in October (0.7 percent vs 1.5 percent), due to global supply chain disruptions and as chip shortages affected the key auto industry. On a seasonally adjusted monthly basis, economic activity declined by 0.2 percent, following a 0.4 percent drop in September.
2021-12-24
Mexican Economic Activity Growth Below Forecasts
Mexico's economic activity increased 0.9 percent year-on-year in September of 2021, easing from a 4.3 percent advance in the previous month and missing market expectations of a 2.9 percent expansion. It was the lowest reading since the economy returned to growth in March, as growth slowed for services (0.7 percent vs 3.8 percent in August) after a resurgence in the coronavirus pandemic led to some capacity restrictions at restaurants, stores and other public. Also, production slowed for secondary activities (1.6 percent vs 5.5 percent) due to global supply chain disruptions and chip shortages while primary activities contracted (-1.1 percent vs 1.8 percent). On a seasonally adjusted monthly basis, economic activity declined by 0.4 percent, following a downwardly revised 1.2 percent drop in August.
2021-11-25