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. source: Instituto Nacional de Estadística y Geografía (INEGI)
Industrial Production in Mexico averaged 1.37 percent from 1980 until 2020, 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 January of 2021.
Industrial Production in Mexico is expected to be -1.00 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 2.50 in 12 months time. In the long-term, the Mexico Industrial Production is projected to trend around 1.70 percent in 2022, according to our econometric models.