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.