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.