Mexico's industrial production fell 4.5 percent over a year earlier in February of 2021, following an upwardly revised 5 percent decline in the previous month and compared with market expectations of a 5.6 percent slump. It was the 23rd consecutive month of falling output although at a softer pace, helped by smaller decreases in mining (-2.5 percent vs -3.4 percent in January) and construction (-4.4 percent vs -10.2 percent). Meanwhile, production fell faster for manufacturing (-4.7 percent vs -3.4 percent) and utilities (-9.9 percent vs -4.9 percent). On a seasonally adjusted monthly basis, industrial output went up 0.4 percent, after a 0.2 percent increase in the prior month and compared with market estimates of a 0.5 percent decrease. In the first two months of the year, industrial activity shrank 4.8 percent over a year ago. source: Instituto Nacional de Estadística y Geografía (INEGI)

Industrial Production in Mexico averaged 1.33 percent from 1980 until 2021, reaching an all time high of 23.82 percent in October of 1996 and a record low of -30.43 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 April of 2021.

Industrial Production 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 Industrial Production in Mexico to stand at 0.60 in 12 months time. In the long-term, the Mexico Industrial Production is projected to trend around 1.30 percent in 2022 and 1.70 percent in 2023, according to our econometric models.

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Mexico Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-4.50 -5.00 23.82 -30.43 1980 - 2021 percent Monthly
2013=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-11 12:00 PM Nov -3.7% -3.4% -2.9% -2.2%
2021-02-11 12:00 PM Dec -2.1% -3.8% -2.2% -2.6%
2021-03-12 12:00 PM Jan -4.9% -2.1% -4.2% -3.8%
2021-04-09 11:00 AM Feb -4.5% -5% -5.6% -5.7%
2021-05-12 11:00 AM Mar -4.5%
2021-06-11 11:00 AM Apr
2021-07-12 11:00 AM May
2021-08-11 11:00 AM Jun


News Stream
Mexico Industrial Output Falls Less than Expected
Mexico's industrial production fell 4.5 percent over a year earlier in February of 2021, following an upwardly revised 5 percent decline in the previous month and compared with market expectations of a 5.6 percent slump. It was the 23rd consecutive month of falling output although at a softer pace, helped by smaller decreases in mining (-2.5 percent vs -3.4 percent in January) and construction (-4.4 percent vs -10.2 percent). Meanwhile, production fell faster for manufacturing (-4.7 percent vs -3.4 percent) and utilities (-9.9 percent vs -4.9 percent). On a seasonally adjusted monthly basis, industrial output went up 0.4 percent, after a 0.2 percent increase in the prior month and compared with market estimates of a 0.5 percent decrease. In the first two months of the year, industrial activity shrank 4.8 percent over a year ago.
2021-04-09
Mexico Industrial Output Shrinks More than Expected
Mexico's industrial production slipped 4.9 percent year-on-year in January of 2021, the most since September and worse than market expectations of a 4.2 percent slump. It was the 22nd consecutive month of falling output amid renewed declines in construction (-10 percent vs -11.6 percent in December); manufacturing (-3.4 percent vs 2.5 percent); mining (-3.3 percent vs -2.5 percent) and utilities (-4.9 percent vs -4.5 percent). On a seasonally adjusted monthly basis, industrial production went up 0.2 percent, after increasing 0.1 percent in the previous month.
2021-03-12
Mexico Industrial Output Falls Slightly Less than Expected
Mexico's industrial production shrank 2.1% from a year earlier in December of 2020, following an upwardly revised 3.8% slump in the prior month and compared with market expectations of a 2.2% fall. It was the 21st consecutive month of output decline but at the softest pace since last February, as manufacturing activity rebounded (2.5% vs -2.1% in November). At the same time, production fell less for mining (-2.5% vs -2.8%), namely the extraction of oil and gas (-3% vs -3.2%); and utilities (-4.5% vs -6.8%). However, output contracted faster for construction (-11.6% vs -7.8%). In 2020, industrial activity plunged 10%, the biggest annual decline since 1995. On a seasonally adjusted monthly basis, industrial output rose 0.1%, slowing sharply from a downwardly revised 1% growth in November and missing market forecasts of a 0.4% gain.
2021-02-11
Mexico Industrial Output Falls More than Expected
Mexico's industrial production shrank 3.7 percent from a year earlier in November of 2020, following an upwardly revised 3.4 percent slump in the previous month and compared with market expectations of a 2.9 percent fall. It was the 20th consecutive month of output decline, as production continued to fall for manufacturing (-2.1 percent vs -1.3 percent in October); mining (-2.4 percent vs -1.1 percent) and utilities (-7 percent vs -5 percent). At the same time, construction shrank 7.8 percent, slower than a 10 percent plunge in October. On a seasonally adjusted monthly basis, industrial production rose 1.1 percent, after an upwardly revised 1.8 percent increase in October and beating market estimates of a 0.7 percent gain. Year-to-date, industrial activity plummeted 10.7 percent over a year ago.
2021-01-11

Mexico Industrial Production
In Mexico, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.