Mexico's industrial production dropped 1 percent from a year earlier in December 2019, following a 2.1 percent fall in the previous month and compared with market expectations of a 0.4 percent decrease. It was the fourteenth consecutive decline in industrial output and the smallest since March, as manufacturing production shrank less (-0.5 percent from -3.2 percent in November). Also, utilities output advanced further (6.5 percent from 3.3 percent). On the other hand, construction output decreased at a faster pace (-4.5 percent from -3.5 percent) and mining production growth slowed (0.4 percent from 0.9 percent). Considering full 2019, industrial output fell 1.8 percent compared to 2018.
Industrial Production in Mexico averaged 1.68 percent from 1980 until 2019, reaching an all time high of 23.80 percent in October of 1996 and a record low of -17.50 percent in October of 1995. This page provides - Mexico Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Instituto Nacional de Estadística y Geografía (INEGI)
Industrial Production in Mexico is expected to be 1.30 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 1.80 in 12 months time. In the long-term, the Mexico Industrial Production is projected to trend around 1.60 percent in 2021 and 1.70 percent in 2022, according to our econometric models.