Mexico's industrial production slumped 30.7 percent over a year earlier in May 2020, following a 29.3 percent plunge in the previous month and compared with market expectations of a 24.3 percent drop. It was the biggest decline in industrial output on record, as several factories remained close amid the coronavirus pandemic. Productions shrank further in manufacturing (-37.1 percent from -35.4 percent in April); mining (-5.9 percent from -3.9 percent); and utilities (-13.1 percent from -3.4 percent). On the other hand, construction output declined 36.3 percent, less than a 37.9 percent slump in April. On a seasonally monthly basis, industrial production went down 1.8 percent, after dropping an upwardly revised record 25.2 percent in the prior month, missing forecasts of a 0.8 percent gain.

Industrial Production in Mexico averaged 1.50 percent from 1980 until 2020, reaching an all time high of 23.80 percent in October of 1996 and a record low of -30.70 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 July of 2020. source: Instituto Nacional de Estadística y Geografía (INEGI)

Industrial Production in Mexico is expected to be -2.00 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 3.70 in 12 months time. In the long-term, the Mexico Industrial Production is projected to trend around 2.50 percent in 2021 and 1.70 percent in 2022, according to our econometric models.

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Mexico Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-30.70 -29.30 23.80 -30.70 1980 - 2020 percent Monthly
2013=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-08 11:00 AM Feb -1.9% -1.6% -1.6% -2%
2020-05-12 11:00 AM Mar -5% -2% -6.1% -5%
2020-06-11 11:00 AM Apr -29.3% -4.9% -20.3% -11%
2020-07-10 11:00 AM May -30.7% -29.3% -24.3% -23%
2020-08-10 11:00 AM Jun -30.7% -5%
2020-09-11 11:00 AM Jul
2020-10-12 11:00 AM Aug
2020-11-11 12:00 PM Sep -2%


News Stream
Mexico Industrial Output Shrinks the Most on Record
Mexico's industrial production slumped 30.7 percent over a year earlier in May 2020, following a 29.3 percent plunge in the previous month and compared with market expectations of a 24.3 percent drop. It was the biggest decline in industrial output on record, as several factories remained close amid the coronavirus pandemic. Productions shrank further in manufacturing (-37.1 percent from -35.4 percent in April); mining (-5.9 percent from -3.9 percent); and utilities (-13.1 percent from -3.4 percent). On the other hand, construction output declined 36.3 percent, less than a 37.9 percent slump in April. On a seasonally monthly basis, industrial production went down 1.8 percent, after dropping an upwardly revised record 25.2 percent in the prior month, missing forecasts of a 0.8 percent gain.
2020-07-10
Mexico Industrial Production Shrinks at Record Pace
Industrial production in Mexico plunged 29.3 percent year-on-year in April of 2020, the biggest drop ever and following a downwardly revised 4.8 percent decline in March. Figures came worse than market forecasts of a 20.3 percent fall as many factories and businesses closed due to the coronavirus lockdown. Construction recorded the highest drop (-38 percent), followed by manufacturing (-35.3 percent), mining (-3.6 percent) and utilities (-3.5 percent). Within manufacturing, the sharpest decreases were seen for leather (-86.9 percent) and transport equipment (-85.3 percent). On a monthly basis, industrial output declined 25.1 percent, also the biggest drop ever.
2020-06-11
Mexico Industrial Output Falls the Most in Over 9 Years
Mexico's industrial production declined 5 percent over a year earlier in March 2020, following an upwardly revised 2 percent fall in the previous month and compared with market forecasts of a 6.1 percent drop. It was the biggest decline in industrial output since October 2010, amid business closures and lockdowns due to the coronavirus pandemic. Manufacturing production shrank further (-6.1 percent compared to -1.2 percent in February); and utilities production dropped 0.8 percent, after growing 1.5 percent in the prior month. Also, mining output growth slowed to 1.3 percent from 5.5 percent in February. In contrast, construction production fell less (-7.5 percent compared to -9 percent). On a seasonally monthly basis, industrial output went down 3.4 percent, following a 0.5 percent decrease and compared to consensus of a 4.4 percent fall.
2020-05-12
Mexico Industrial Output Falls More than Expected
Mexico's industrial output dropped 1.9 percent from a year earlier in February, following a 1.6 percent fall in the previous month and compared with market expectations of a 1.6 percent decline. It was the sixteenth consecutive decrease in industrial production, as manufacturing (-1 percent from -0.9 percent in January) and construction output (-9.1 percent from -8.6 percent) shrank further. In addition, mining output growth slowed (5.5 percent from 5.7 percent). On the other hand, utilities production grew 1.6 percent, faster than a 0.3 percent rise in the prior month. On a seasonally monthly basis, industrial production went down 0.6 percent, after increasing 0.3 percent in January and missing forecasts of a 0.1 percent gain.
2020-04-08

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.