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December 19, 2024

Mexico | Manufacturing weakness extends into November

The BBVA Research Multidimensional Manufacturing Indicator fell (-)3.6% YoY in November, the eighth consecutive decline since April

December 13, 2024

Mexico | Online sales boost consumption in November

The BBVA Research Big Data Consumption Indicator grew 2.4% MoM in November, 1.5 pp above the figure recorded the previous month

November 19, 2024

Mexico | Consumption lost ground in October due to lower spending on goods

The BBVA Research Big Data Consumption Indicator reported 0.8% MaM growth in October, 0.8 pp below the figure registered in September

October 31, 2024

Mexico | Economy grew 1.0% QoQ in 3Q24; headwinds for 2025

The tertiary sector surprises on the upside with a growth of 0.9% QoQ, while the industrial sector grows 0.9% as manufacturing moderates its slowdown (primary sector 4.6%).

October 21, 2024

Mexico | Manufacturing slowdown moderates in September

The BBVA Research Multidimensional Manufacturing Indicator fell (-)2.2% YoY in September, the ninth consecutive decline so far this year, but less than the contraction registered in August

October 10, 2024

Mexico | Consumption shows lower growth in September; weakness in services

The BBVA Research Big Data Consumption Indicator reported growth of 1.5% MoM in September, 0.7 pp below the figure recorded in August

October 3, 2024

Mexico Economic Outlook. October 2024

Growth and inflation moderate; we estimate that a continuous cycle of rate cuts has begun. We revised downward the economic growth forecast for 2024 and 2025 given the weakening of domestic demand.

September 17, 2024

Mexico | FDI received by Mexico fell by mid-2024

The accumulated figures for the first half of 2024 reveal a trade balance of 5 billion USD, a smaller deficit than the previous year's first half. In the same period, FDI in Mexico totaled 31.1 billion dollars, a reduction of 1.0 billion from the same period of 2023.

August 20, 2024

Mexico | Weak manufacturing performance in July; the slowdown would extend to 2H24

The BBVA Research Multidimensional Manufacturing Indicator fell (-)2.7% YoY in July (the seventh consecutive drop so far this year), pointing towards a gloomy outlook for 2H24