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.

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Mexico Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-3.70 -3.40 23.82 -30.43 1980 - 2020 percent Monthly
2013=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-12 11:00 AM Aug -9% -11.4% -10.6% -10.4%
2020-11-11 12:00 PM Sep -6.2% -8.8% -7%
2020-12-11 12:00 PM Oct -3.3% -6.1% -5.4% -5%
2021-01-11 12:00 PM Nov -3.7% -3.4% -2.9% -2.2%
2021-02-11 12:00 PM Dec -3.7%
2021-03-12 12:00 PM Jan
2021-04-09 11:00 AM Feb
2021-05-12 11:00 AM Mar


News Stream
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 Output Falls Less than Expected
Mexico's industrial production shrank 3.3 percent from a year earlier in October 2020, following a revised 6.1 percent drop in the previous month and compared with market expectations of a 5.4 percent contraction. It was the 19th consecutive month of output decline, led by decreases in manufacturing (-1.3 percent vs -3.1 percent in September), construction (-10.1 percent vs -16.2 percent), mining (-1.1 percent vs -2.5 percent), and utilities (-4.2 percent vs -6.7 percent). On a seasonally adjusted monthly basis, industrial production grew 2.0 percent, easily beating market consensus of a 0.9 percent gain.
2020-12-11
Mexico Industrial Output Shrinks at a Softer Pace in September
Mexico's industrial production dropped 6.2 percent over a year earlier in September 2020, following a downwardly revised 8.8 percent fall in the previous month, amid the coronavirus pandemic. Output decreased less for manufacturing (-3.1 percent from -9.3 percent in August); mining (-2.8 percent from -3.9 percent); and utilities (-7.2 percent from -3.4 percent). On the other hand, construction output shrank 16.1 percent, faster than a 12.9 percent drop in August. On a seasonally monthly basis, industrial production was unchanged, after growing 3.3 percent in the prior month and below market expectations of a 2.4 percent gain.
2020-11-11
Mexico Industrial Output Falls Less than Expected in August
Mexico's industrial production fell 9 percent over a year earlier in August 2020, following an upwardly revised 11.4 percent decrease in the previous month and compared with market expectations of a 10.6 percent drop, amid the coronavirus crisis. Output declined less in construction (-13.7 percent from -23.6 percent in July); and utilities (-4.5 percent from -8.8 percent). Meanwhile, production in manufacturing (-9.2 percent from -8.9 percent); and mining (-3.5 percent from -3.2 percent) fell at a faster pace. On a seasonally monthly basis, industrial production grew 3.3 percent, after increasing an upwardly revised 7.1 percent in July and beating forecasts of a 1.8 percent gain.
2020-10-12

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.