The economic activity in Mexico advanced 1.3% year-on-year in March of 2019, accelerating from a 1.1% growth in the previous month and above market expectations of 1.2%. Services sector rose 1.8% (from 1.6% in February), boosted by professionals, scientists & technical services; corporate business support services and waste, waste management & remediation services (9.3% from 5.7%) and educational services; health & social assistance services (2.2% from 0.5%). Also, the secondary sector edged down 0.1%, after a 1% fall in February, as mining (-6% from -6.5%) and construction (-2.9% from -1%) continued to drop while manufacturing rose further (2.8% from 0.8%) and utilities rebounded (0.9% from -1.3%). Meanwhile, the agricultural sector expanded 5.4%, easing from a 10.9% jump in the prior month. On a seasonally adjusted monthly basis, economic activity contracted 0.6%. Leading Economic Index in Mexico averaged 2.43 percent from 1994 until 2019, reaching an all time high of 12.60 percent in October of 1996 and a record low of -11 percent in April of 2009.

Leading Economic Index in Mexico is expected to be 2.00 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 2.00 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
2019-02-25 02:00 PM Economic Activity YoY 0% 1.8% 0.5% 1.5%
2019-03-25 02:00 PM Economic Activity YoY 1.3% 0% 0.5% 0.3%
2019-04-26 01:00 PM Economic Activity YoY 1.1% 1.3% 1.1%
2019-05-24 01:00 PM Economic Activity YoY 1.3% 1.1% 1.2% 0.9%
2019-06-24 01:00 PM Economic Activity YoY 1.3% 1%
2019-07-26 01:00 PM Economic Activity YoY
2019-08-23 01:00 PM Economic Activity YoY 2%


Mexico Business Last Previous Highest Lowest Unit
Business Confidence 52.40 52.40 58.60 34.00 Index Points [+]
Manufacturing PMI 50.00 50.10 57.10 49.20 [+]
Industrial Production -2.86 -0.06 23.82 -17.50 percent [+]
Industrial Production Mom 1.50 -1.20 8.40 -8.00 percent [+]
Manufacturing Production -0.36 2.78 18.26 -17.74 percent [+]
Capacity Utilization 81.60 81.00 82.50 74.10 percent [+]
Changes in Inventories 175359.00 166654.31 280468.77 49272.84 MXN Million [+]
Total Vehicle Sales 56387.00 67680.00 127604.00 6318.00 [+]
Car Production 349.63 299.71 381.99 35.61 Thousand Units [+]
Car Registrations 56387.00 67680.00 127604.00 6318.00 [+]
Leading Economic Index 1.30 1.10 12.60 -11.00 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 -2.40 -1.90 33.10 -41.90 percent [+]
Mining Production -9.00 -6.00 45.30 -25.22 percent [+]
Steel Production 1600.00 1780.00 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 [+]
Crude Oil Rigs 30.00 24.00 107.00 8.00 [+]
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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.10 12.60 -11.00 1994 - 2019 percent Monthly
2013=100, NSA




Country Last Previous
Argentina -0.70 Apr/19
Australia -0.09 Apr/19
Brazil -0.47 Apr/19
Canada 0.50 Mar/19
Japan 95.50 Apr/19
Mexico 1.30 Mar/19
Russia 1.60 Apr/19
Singapore 109.30 Mar/19
South Africa -0.40 Mar/19
South Korea 114.20 Apr/19
Turkey 1.40 Apr/19
United Kingdom 0.30 Apr/19
United States 127.79 Apr/19


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