Economic activity in Mexico shrank 5.1 percent from a year earlier in February of 2021, following a a 5.4 percent contraction in the previous month and worse than estimates of a 3.9 percent drop. It was the 14th successive month of declining economic activity, as the pandemic continued to affect Mexico’s main economic activities. Output continued to fall in services (-5.8 percent vs -6.1 percent in January) and secondary activities (-4.5 percent vs -5.0 percent). Meanwhile, primary activities advanced at the fastest pace since November of 2020 (5.9 percent vs 2.3 percent). On a seasonally adjusted basis, economic activity retreated 0.3 percent, after a downwardly revised 0.1% decrease in the prior month. source: Instituto Nacional de Estadistica, Geografia e Informatica, Mexico

Leading Economic Index in Mexico averaged 1.91 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 May of 2021.

Leading Economic Index in Mexico is expected to be -4.00 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 0.80 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.

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Mexico Overall Index of Economic Activity

Actual Previous Highest Lowest Dates Unit Frequency
-5.10 -5.40 12.60 -22.50 1994 - 2021 percent Monthly
2013=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-25 12:00 PM Nov -3.9% -5.3% -4.5% -5.6%
2021-02-25 12:00 PM Dec -2.7% -4.1% -4.2% -4.3%
2021-03-25 12:00 PM Jan -5.4% -2.7% -4.8% -3.6%
2021-04-26 11:00 AM Feb -5.1% -5.4% -3.9% -4.3%
2021-05-26 11:00 AM Mar -5.1% -2.1%
2021-06-25 11:00 AM Apr
2021-07-27 11:00 AM May
2021-08-25 11:00 AM Jun


News Stream
Mexico Economic Activity Contracts More than Expected
Economic activity in Mexico shrank 5.1 percent from a year earlier in February of 2021, following a a 5.4 percent contraction in the previous month and worse than estimates of a 3.9 percent drop. It was the 14th successive month of declining economic activity, as the pandemic continued to affect Mexico’s main economic activities. Output continued to fall in services (-5.8 percent vs -6.1 percent in January) and secondary activities (-4.5 percent vs -5.0 percent). Meanwhile, primary activities advanced at the fastest pace since November of 2020 (5.9 percent vs 2.3 percent). On a seasonally adjusted basis, economic activity retreated 0.3 percent, after a downwardly revised 0.1% decrease in the prior month.
2021-04-26
Mexico Economic Activity Falls More than Expected
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.
2021-03-25
Mexico Economic Activity Contracts Less than Forecast
Economic activity in Mexico decreased 2.7 percent from a year earlier in December 2020, easing from a revised 4.1 percent decline in the previous month and compared with market expectations of a 4.2 percent contraction. Tertiary activities dropped 3.1 percent (vs -5.1 percent in November) and secondary industries output was down 2.1 percent (vs -3.8 percent in November), while primary activities grew 0.9 percent (vs 8.9 percent in November). On a seasonally adjusted basis, economic activity advanced 0.1 percent in December from a month earlier, the least since June.
2021-02-25
Mexican Economic Activity Falls Less than Expected
Mexico's economic activity shrank 3.9 percent over a year earlier in November of 2020, following a 5.3 percent decline in the prior month and less than an expected 4.5 percent slump. It was the smallest decrease in economic activity since March. Output fell at a slower pace in services (-4.8 percent vs -6.7 percent in October) and primary activities grew faster (8.8 percent vs 7.3 percent). Meanwhile, secondary activities contracted more (-3.7 percent vs -3.4 percent). On a seasonally adjusted monthly basis, economic activity advanced 0.9 percent, after a downwardly revised 1.2 percent rise in October and beating market estimates of a 0.3 percent increase.
2021-01-25

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.