Industrial production in Mexico declined 2.9 percent year-on-year in April 2019, following a 0.1 percent fall in the previous month and compared with market expectations of a 2.5 percent decrease. It was the biggest decline in industrial output since March last year, as production dropped for manufacturing (-0.4 percent from 2.8 percent in March) and utilities (-3.1 percent from 1 percent). Also, output fell further for mining & quarrying (-9 percent from -6 percent) and construction (-4.2 percent from -2.5 percent). On a seasonally adjusted monthly basis, industrial production rose 1.5 percent, rebounding from a downwardly revised 1.2 percent decrease in March. Industrial Production in Mexico averaged 1.74 percent from 1980 until 2019, reaching an all time high of 23.82 percent in October of 1996 and a record low of -17.50 percent in October of 1995.
Industrial Production in Mexico is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Mexico to stand at 1.30 in 12 months time. In the long-term, the Mexico Industrial Production is projected to trend around 1.40 percent in 2020, according to our econometric models.