Economic activity in Mexico rose by 0.5% from the previous year in November of 2024, slowing from an upwardly revised 0.8% advance in October and missing market forecasts of a 0.6% increase. Still, this marked the fifth consecutive period of growth in Mexican economic activity, mainly supported by services (+1.6% vs 2.7% in October) and agricultural activity (+0.2% vs -4.8%). Conversely, the industrial sector continued to contract (-1.4% vs -2.1%), led by mining (-4.7% vs -6.6%), construction (-4.2% vs -8.4%) and manufacturing (-0.2% vs +0.6%), counterbalancing growth in utilities (+2.9% vs +1.2%). On a seasonally adjusted monthly basis, Mexican economic activity rose by 0.4%, recovering from a 0.7% decline in October and slightly surpassing market estimates of a 0.3% increase. source: Instituto Nacional de Estadistica, Geografia e Informatica, Mexico

Monthly GDP YoY in Mexico decreased to 0.50 percent in November from 0.70 percent in October of 2024. Monthly GDP YoY in Mexico averaged 2.05 percent from 1994 until 2024, reaching an all time high of 26.80 percent in May of 2021 and a record low of -24.70 percent in May of 2020. This page includes a chart with historical data for Mexico Economic Activity YoY. Mexico Economic Activity YoY - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.

Monthly GDP YoY in Mexico decreased to 0.50 percent in November from 0.70 percent in October of 2024. Monthly GDP YoY in Mexico is expected to be 3.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Economic Activity YoY is projected to trend around 3.00 percent in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-12-23 12:00 PM
Economic Activity YoY
Oct 0.7% 0.3% 0.4%
2025-01-24 12:00 PM
Economic Activity YoY
Nov 0.5% 0.8% 0.6% 1.0%
2025-02-21 12:00 PM
Economic Activity YoY
Dec 0.5% 2%


Related Last Previous Unit Reference
Full Year GDP Growth 3.20 3.70 percent Dec 2023
GDP 1788.89 1463.32 USD Billion Dec 2023
Aggregate Demand 1.20 0.40 percent Sep 2024
Aggregate Demand YoY 2.30 2.10 percent Sep 2024
GDP Growth Rate YoY 1.60 2.10 percent Sep 2024
GDP Constant Prices 25617175.50 25266808.80 MXN Million Sep 2024
GDP from Agriculture 757120.00 841963.00 MXN Million Sep 2024
GDP from Construction 1579095.00 1640730.70 MXN Million Sep 2024
GDP from Manufacturing 5309002.00 5248232.40 MXN Million Sep 2024
GDP from Mining 915096.00 941927.40 MXN Million Sep 2024
GDP from Public Administration 836249.00 841627.60 MXN Million Sep 2024
GDP from Services 15261627.00 15211702.20 MXN Million Sep 2024
GDP from Transport 1899578.00 1948505.20 MXN Million Sep 2024
GDP from Utilities 349223.00 346954.70 MXN Million Sep 2024
GDP Growth Rate 1.10 0.20 percent Sep 2024
GDP per Capita 10326.95 10078.60 USD Dec 2023
GDP per Capita PPP 22366.66 21828.77 USD Dec 2023
Gross Fixed Capital Formation 6370287.00 6298485.00 MXN Million Sep 2024
Economic Activity MoM 0.40 -0.70 percent Nov 2024
Economic Activity YoY 0.50 0.80 percent Nov 2024

Mexico Economic Activity YoY
In Mexico, the overall index of economic activity measures the evolution of the real sector of the economy, in the short term, providing valuable information for decision-making.
Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.80 26.80 -24.70 1994 - 2024 percent Monthly
NSA


News Stream
Mexican Economic Activity Slows More than Anticipated
Economic activity in Mexico rose by 0.5% from the previous year in November of 2024, slowing from an upwardly revised 0.8% advance in October and missing market forecasts of a 0.6% increase. Still, this marked the fifth consecutive period of growth in Mexican economic activity, mainly supported by services (+1.6% vs 2.7% in October) and agricultural activity (+0.2% vs -4.8%). Conversely, the industrial sector continued to contract (-1.4% vs -2.1%), led by mining (-4.7% vs -6.6%), construction (-4.2% vs -8.4%) and manufacturing (-0.2% vs +0.6%), counterbalancing growth in utilities (+2.9% vs +1.2%). On a seasonally adjusted monthly basis, Mexican economic activity rose by 0.4%, recovering from a 0.7% decline in October and slightly surpassing market estimates of a 0.3% increase.
2025-01-24
Mexico Economic Activity Expands for 4th Month
Economic activity in Mexico rose by 0.7% from the previous year in October of 2024, picking up from the 0.3% increase in the previous month to mark the fourth consecutive period of economic growth in the Mexican economy. The expansion in the period was solely driven by services, which expanded by 2.7% on the aggregate amid a surge for professional, scientific, and technical services (19.9%), and sharp rises for retail activity (6.5%) and transportation and warehousing (4.3%). In turn, activity contracted for mining (-6.9%), construction (-8.5%), and agriculture (-9.5%). From the previous month, economic activity in Mexico sank by 0.7% on a seasonally adjusted basis.
2024-12-23
Mexican Economic Activity Slows Further in September
Economic activity in Mexico rose by 0.3% from the previous year in September of 2024, following an upwardly revised 0.7% advance in the prior month and missing market forecasts of a 0.5% increase. It was the slowest pace of expansion in the current three-month growth sequence, as output slowed down for services (0.7% vs 1.5%) and continued to contract for the industrial sector (-0.4%, the same rate as in August), hampered by mining (-4.5% vs -3.1%) and manufacturing (-2.3% vs -2.2%). Conversely, agricultural activity saw a rebound (1.2% vs -2.1%). On a seasonally adjusted monthly basis, Mexican economic activity increased by 0.2% in September, following a revised 0.2% fall in August and surpassing market estimates of a 0.1% rise.
2024-11-22