Economic activity in Mexico shrank 5.4 percent from a year earlier in January of 2021, following a 2.7 percent contraction in the previous month and more than an expected 4.8 percent fall. It was the 13th successive month of declining economic activity and at the quickest pace since last September as the pandemic worsened. Output fell faster in services (-6.1 percent vs -3.1 percent in December) and secondary activities (-4.9 percent vs -2.1 percent). Meanwhile, primary activities gained momentum (2.3 percent vs 0.9 percent). On a seasonally adjusted basis, economic activity advanced 0.1 percent, after stalling in the previous month. source: Instituto Nacional de Estadistica, Geografia e Informatica, Mexico
Leading Economic Index in Mexico averaged 1.93 percent from 1994 until 2021, 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 April of 2021.
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 -1.60 in 12 months time. In the long-term, the Mexico Overall Index of Economic Activity is projected to trend around 1.60 percent in 2022 and 2.00 percent in 2023, according to our econometric models.