Mexico's economic activity shrank 5.3 percent over a year earlier in October of 2020, following a downwardly revised 5.4 percent slump in September and compared with market expectations of a 5.1 percent decline. It was the smallest decrease in economic activity since March, amid the easing in coronavirus restrictions. Output shrank less in secondary activities (-3.3 percent vs -6.1 percent) and primary activities grew faster (6.9 percent vs 6.4 percent). On the other hand, the services sector contracted more (-6.7 percent vs -5.5 percent). On a seasonally adjusted monthly basis, economic activity advanced 1.6 percent, accelerating from an upwardly revised 1.2 percent rise in the prior month. source: Instituto Nacional de Estadistica, Geografia e Informatica, Mexico
Leading Economic Index in Mexico averaged 1.99 percent from 1994 until 2020, reaching an all time high of 12.60 percent in October of 1996 and a record low of -22.50 percent in May of 2020. This page provides the latest reported value for - Mexico Overall Index of Economic Activity - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Mexico Overall Index of Economic Activity - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Leading Economic Index 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. Looking forward, we estimate Leading Economic Index in Mexico to stand at 3.50 in 12 months time. In the long-term, the Mexico Overall Index of Economic Activity is projected to trend around 1.60 percent in 2021 and 2.00 percent in 2022, according to our econometric models.