Mexico’s industrial production rose by 3.2% from a year earlier in November 2022, up slightly from a 3.1% increase in the previous month and beating market forecasts of a 2.8% advance. It marks the 13th straight month of growth in industrial activity, chiefly driven by utilities (5.2% vs 4.6% in October) and manufacturing (4.6% vs 5.3%), notably coke and refined petroleum products (18.6%) and electronic products (18.8%). At the same time, output rebounded modestly for construction (1.8% vs -1.3%) but it shrank for mining (-0.5% vs 0.5%). On a seasonally adjusted monthly basis, industrial output was flat in November, following a 0.4% increase in the previous month and defying market estimates of a 0.1% fall. source: Instituto Nacional de Estadística y Geografía (INEGI)

Industrial Production in Mexico averaged 1.55 percent from 1980 until 2022, reaching an all time high of 34.28 percent in May of 2021 and a record low of -29.57 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 February of 2023.

Industrial Production in Mexico is expected to be 2.80 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 1.00 percent in 2024 and 2.00 percent in 2025, according to our econometric models.

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Mexico Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2022-12-12 12:00 PM Oct 3.1% 3.8% 1.3%
2023-01-11 12:00 PM Nov 3.2% 3.1% 2.8% 2.4%
2023-02-10 12:00 PM Dec 3.2% 3.6%


Related Last Previous Unit Reference
Business Confidence 49.80 49.40 points Jan 2023
Industrial Production Mom 0.00 0.40 percent Nov 2022
Industrial Production 3.20 3.11 percent Nov 2022
Manufacturing Production 4.60 5.32 percent Nov 2022
Capacity Utilization 82.60 82.30 percent Nov 2022
Changes in Inventories 87067.00 61746.00 MXN Million Sep 2022
Car Registrations 50653.00 40597.00 Units Dec 2022
Car Production 239.54 278.82 Thousand Units Dec 2022
Total Vehicle Sales 50653.00 40597.00 Units Dec 2022
Private Investment 6.20 3.30 percent Oct 2022

Mexico Industrial Production
In Mexico, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.
Actual Previous Highest Lowest Dates Unit Frequency
3.20 3.11 34.28 -29.57 1980 - 2022 percent Monthly
2013=100, NSA

News Stream
Mexico November Industrial Output Growth Tops Forecasts
Mexico’s industrial production rose by 3.2% from a year earlier in November 2022, up slightly from a 3.1% increase in the previous month and beating market forecasts of a 2.8% advance. It marks the 13th straight month of growth in industrial activity, chiefly driven by utilities (5.2% vs 4.6% in October) and manufacturing (4.6% vs 5.3%), notably coke and refined petroleum products (18.6%) and electronic products (18.8%). At the same time, output rebounded modestly for construction (1.8% vs -1.3%) but it shrank for mining (-0.5% vs 0.5%). On a seasonally adjusted monthly basis, industrial output was flat in November, following a 0.4% increase in the previous month and defying market estimates of a 0.1% fall.
2023-01-11
Mexico Industrial Output Grows 3.1% in October
Mexico’s industrial production rose 3.1 percent year-on-year in October 2022, easing from a revised 3.8 percent gain in the previous period. Output slowed for manufacturing (5.3 percent vs. 8.4 percent in September) while it continued to fall for construction, although at a softer pace (-1.1 percent vs. -4.0 percent). Meanwhile, mining production rebounded (0.4 percent vs. -2.1 percent). On a seasonally adjusted monthly basis, industrial output rose 0.4 percent in July, following a revised 0.1 percent decline in September.
2022-12-12
Mexico Industrial Output Rises Less Than Expected in September
Mexico’s industrial production rose 3.9 percent year-on-year in September of 2022, the same as in the previous period and below market expectations of a 4.5 percent raise. Output fell for mining (-2.0 percent vs. 0.1 percent in August) and construction (-3.8 percent vs. -4.4 percent), while it rose for manufacturing (8.4 percent vs. 8.1 percent). On a seasonally adjusted monthly basis, industrial output dropped 0.2 percent, the same as in the previous month.
2022-11-11