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.

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Mexico Overall Index of Economic Activity

Actual Previous Highest Lowest Dates Unit Frequency
-5.30 -5.40 12.60 -22.50 1994 - 2020 percent Monthly
2013=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-09-25 11:00 AM Jul -9.8% -13.3% -10% -9.5%
2020-10-26 12:00 PM Aug -9.4% -9.9% -8.2% -8%
2020-11-26 12:00 PM Sep -5.5% -9.2% -6.6% -7%
2020-12-23 12:00 PM Oct -5.3% -5.4% -5.1% -5%
2021-01-25 12:00 PM Nov -5.3% -5%
2021-02-25 12:00 PM Dec
2021-03-25 12:00 PM Jan
2021-04-26 11:00 AM Feb


News Stream
Mexico Economic Activity Shrinks the Least in 7 Months
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.
2020-12-23
Mexico Economic Activity Falls Less than Expected
Mexico's economic activity shrank 5.5 percent over a year earlier in September of 2020, following a downwardly revised 9.2 percent slump in August and compared with market expectations of a 6.6 percent decline. It was the smallest decrease in economic activity since March, amid the easing in coronavirus restrictions. The services sector contracted much less (-5.6% vs -10%), of which wholesale trade (-2.5% vs -10.9%); retail (-5.6% vs -12.3%); transportation, storage & information (-14.8% vs -21.8%) and accommodation & food services (-43.6% vs -53.3%). Output also shrank less in secondary activities (-6.2% vs -8.8%), mostly manufacturing (-3.1% vs -9.3%) and mining (-2.8% vs -3.9%). Meantime, primary activities continued to grow solidly (6.3% vs 7.4%). On a seasonally adjusted monthly basis, economic activity advanced 1 percent, after an upwardly revised 1.4 percent rise in the prior month and slightly above forecasts of a 0.9 percent increase.
2020-11-26
Mexico Economic Activity Shrinks More than Expected
Mexico's economic activity shrank 9.4 percent over a year earlier in August 2020, following an upwardly revised 9.9 percent drop in the previous month and compared with market expectations of an 8.7 percent contraction, amid the coronavirus crisis. Output shrank less in secondary activities (-9% vs -11.4%), of which construction (-13.7% vs -23.6%), manufacturing (-9.2% vs -8.9%), utilities (-4.6% vs -8.8%) and mining (-3.5% vs -3.2%). Meanwhile, the services sector contracted further (-10.2% vs -10.1%), in particular retail trade (-12.7% vs -8.1%), recreation & culture (-21.7% vs -19.6%), professional services (-3% vs 0.8%) and financial services, insurance and real estate (-2% vs -1.2%). Additionally, primary activities grew 5.2%, slowing from an 11% expansion in July. On a seasonally adjusted monthly basis, economic activity expanded 1.1 percent, easing from a 5.7 percent growth in the prior month and missing forecasts of a 1.9 percent gain.
2020-10-26
Mexico Economic Activity Shrinks Less than Expected in July
Mexico's economic activity shrank 9.8 percent year-on-year in July 2020, following a downwardly revised 13.3 percent contraction in the previous month and compared with market expectations of a 10 percent decline, amid the easing of coronavirus lockdown restrictions. Output shrank less in secondary activities (-11.4% vs -16.7% in June), in particular manufacturing (-9% vs -16.4%), construction (-23.5% vs -26.2%), utilities (-8.9% vs -13.4%) and mining (-3.1% vs -5.1%). Also, the services sector contracted at a softer pace (-10.1% vs -12.3%), of which retail trade (-8.1% vs -17.9%), transportation & storage (-21.9% vs -23.3%), accommodation & food (-61.4% vs -68.7%), recreation & culture (-19.6% vs -28.3%) and professional services (0.8% vs -8.3%). Additionally, primary activities grew 11%, recovering from a 2% contraction in June. On a seasonally adjusted monthly basis, economic activity expanded 5.7%, after rising 8.8% in the prior month and beating forecasts of a 5.2% gain.
2020-09-25

Mexico Overall Index of Economic Activity
In Mexico, the Leading Index provides early signal on the direction in which the economy is going. It aggregates the following indicators: employment trend in manufacturing sector, non-oil exports, Mexican stock exchange index in real terms, real exchange rate, the interbank interest rate, Standard & Poor's 500. The index has a base value of 100 as of 2008.