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.