The economic activity in Mexico increased 1.8 percent year-on-year in November 2018, easing from a 2.9 percent rise in the previous month, and above market expectations of a 1.2 percent gain. It was the weakest expansion since August, as output growth slowed in the services sector (3 percent from 4.1 percent in October), namely wholesale trade (-0.7 percent from 5.7 percent); public administration (-0.5 percent from 2.7 percent) and educational services (1.2 percent from 1.3 percent). Also, the industry sector contracted 1.3 percent, following a 1.0 percent expansion in the prior month, mainly due to mining (-8 percent from -5.6 percent); construction (-3.3 percent from 1.4 percent); manufacturing (1.4 percent from 2.6 percent) and utilities (0.8 percent from 4.6 percent). Meanwhile, the agricultural sector rebounded (5.1 percent from -3 percent). On a seasonally adjusted monthly basis, the Mexican economy advanced 0.4 percent, after shrinking 0.3 percent in the prior month. Leading Economic Index in Mexico averaged 2.65 percent from 1994 until 2018, reaching an all time high of 12.60 percent in October of 1996 and a record low of -9.80 percent in October of 1995.

Leading Economic Index in Mexico is expected to be 2.10 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 2.20 in 12 months time. In the long-term, the Mexico Overall Index of Economic Activity is projected to trend around 2.40 percent in 2020, according to our econometric models.

Mexico Overall Index of Economic Activity
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-23 01:00 PM Economic Activity YoY 1.7% 3.3% 1.9% 2.2%
2018-11-23 02:00 PM Economic Activity YoY 2.1% 1.8% 2.75% 2.4%
2018-12-21 02:00 PM Economic Activity YoY 2.9% 2.1% 2.4% 2.5%
2019-01-24 02:00 PM Economic Activity YoY 1.8% 2.9% 1.2% 1.7%
2019-02-25 02:00 PM Economic Activity YoY 1.8% 1.2% 2.2%
2019-03-25 02:00 PM Economic Activity YoY -0.8%
2019-04-26 01:00 PM Economic Activity YoY


Mexico Business Last Previous Highest Lowest Unit
Business Confidence 50.80 49.20 58.10 33.70 Index Points [+]
Manufacturing PMI 50.90 49.70 57.10 49.20 [+]
Industrial Production -2.50 -1.30 23.82 -17.50 percent [+]
Industrial Production Mom -0.40 -0.60 8.40 -7.90 percent [+]
Manufacturing Production 0.50 1.40 18.26 -17.74 percent [+]
Capacity Utilization 81.00 82.30 82.50 74.10 percent [+]
Changes in Inventories 166654.31 133006.81 280468.77 49272.84 MXN Million [+]
Total Vehicle Sales 86495.00 81542.00 127604.00 6318.00 [+]
Car Production 333.68 237.68 381.99 35.61 Thousand Units [+]
Car Registrations 86495.00 81542.00 127604.00 6318.00 [+]
Leading Economic Index 1.80 2.90 12.60 -9.80 percent [+]
Internet Speed 7538.43 7213.58 7538.43 949.27 KBps [+]
IP Addresses 13309655.00 13057425.00 14700484.00 4009120.00 IP [+]
Private Investment -3.20 3.40 33.10 -41.90 percent [+]
Mining Production -8.20 -8.00 45.30 -25.22 percent [+]
Steel Production 1550.00 1526.00 1850.00 466.00 Thousand Tonnes [+]
Competitiveness Index 64.60 64.14 64.60 4.18 Points [+]
Competitiveness Rank 46.00 44.00 66.00 44.00 [+]
Ease of Doing Business 54.00 49.00 55.00 42.00 [+]
Corruption Index 28.00 29.00 37.00 26.60 Points [+]
Corruption Rank 138.00 135.00 138.00 32.00 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.80 2.90 12.60 -9.80 1994 - 2018 percent Monthly
2013=100, NSA




Country Last Previous
Argentina -0.90 Dec/18
Australia 0.00 Jan/19
Brazil 0.21 Dec/18
Canada -0.10 Nov/18
Japan 97.90 Dec/18
Mexico 1.80 Nov/18
Russia 1.90 Dec/18
Singapore 112.00 Dec/18
South Africa -0.30 Nov/18
South Korea 113.70 Dec/18
Turkey -0.40 Dec/18
United Kingdom 0.20 Dec/18
United States 125.13 Dec/18


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