Mexico’s industrial production advanced by 2.8% from a year earlier in January 2023, following a 3% increase in the prior month and beating market forecasts of a 2.5% rise. It marks the 15th straight month of growth in industrial activity, driven by manufacturing (4.8% vs 2.7% in December); utilities (4.5% vs 2%) and construction (3% vs 5.5%). Conversely, mining activity posted its worst decline in nearly a year (-3.5% vs 0.9%). On a seasonally adjusted monthly basis, industrial output was flat in January, after growing by 0.7% in the prior month and missing market estimates of a 0.5% rise. source: Instituto Nacional de Estadística y Geografía (INEGI)

Industrial Production in Mexico averaged 1.56 percent from 1980 until 2023, reaching an all time high of 34.28 percent in May of 2021 and a record low of -29.57 percent in May of 2020. This page provides - Mexico Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

Industrial Production 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. In the long-term, the Mexico Industrial Production is projected to trend around 2.00 percent in 2024, according to our econometric models.

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Mexico Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2023-02-10 12:00 PM Dec 3% 3.5% 2% 3.6%
2023-03-13 12:00 PM Jan 2.8% 3% 2.5% 2.9%
2023-04-11 11:00 AM Feb 2.8% 2.3%


Related Last Previous Unit Reference
Business Confidence 52.00 50.20 points Feb 2023
Industrial Production Mom 0.00 0.70 percent Jan 2023
Industrial Production 2.80 3.00 percent Jan 2023
Manufacturing Production 4.78 2.70 percent Jan 2023
Capacity Utilization 83.30 83.70 percent Jan 2023
Changes in Inventories 87067.00 70637.00 MXN Million Sep 2022
Car Registrations 48292.00 40728.00 Units Feb 2023
Car Production 295.79 280.32 Thousand Units Feb 2023
Total Vehicle Sales 48292.00 40728.00 Units Feb 2023
Private Investment 9.40 7.40 percent Dec 2022

Mexico Industrial Production
In Mexico, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.
Actual Previous Highest Lowest Dates Unit Frequency
2.80 3.00 34.28 -29.57 1980 - 2023 percent Monthly
2013=100, NSA

News Stream
Mexico Industrial Output Rises More than Expected
Mexico’s industrial production advanced by 2.8% from a year earlier in January 2023, following a 3% increase in the prior month and beating market forecasts of a 2.5% rise. It marks the 15th straight month of growth in industrial activity, driven by manufacturing (4.8% vs 2.7% in December); utilities (4.5% vs 2%) and construction (3% vs 5.5%). Conversely, mining activity posted its worst decline in nearly a year (-3.5% vs 0.9%). On a seasonally adjusted monthly basis, industrial output was flat in January, after growing by 0.7% in the prior month and missing market estimates of a 0.5% rise.
2023-03-13
Mexico Industrial Output Growth Above Forecasts
Mexico’s industrial production rose by 3.2% from a year earlier in December 2022, following an upwardly revised 3.5% increase in the prior month and beating market forecasts of a 2% advance. It marks the 14th straight month of growth in industrial activity, mainly boosted by construction (5.5% vs 3% in November). Other positive contributions came from manufacturing (2.7% vs 4.7%); utilities (2% vs 5.1%) and mining (0.9% vs -0.5%). On a seasonally adjusted monthly basis, industrial output was up 0.7% in December, the most in a year and well above market estimates of a 0.1% rise. Considering the 2022 year as a whole, the country's industrial output grew 3.3% over a year ago.
2023-02-10
Mexico November Industrial Output Growth Tops Forecasts
Mexico’s industrial production rose by 3.2% from a year earlier in November 2022, up slightly from a 3.1% increase in the previous month and beating market forecasts of a 2.8% advance. It marks the 13th straight month of growth in industrial activity, chiefly driven by utilities (5.2% vs 4.6% in October) and manufacturing (4.6% vs 5.3%), notably coke and refined petroleum products (18.6%) and electronic products (18.8%). At the same time, output rebounded modestly for construction (1.8% vs -1.3%) but it shrank for mining (-0.5% vs 0.5%). On a seasonally adjusted monthly basis, industrial output was flat in November, following a 0.4% increase in the previous month and defying market estimates of a 0.1% fall.
2023-01-11