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.