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June Retail Sales Jump 1.1 Percent

Mexican retail sales jumped by a seasonally-adjusted 1.1% in June, after a 0.2% advance during May and a 0.3% decline in April.  On an unadjusted, constant-price basis, sales in June were up a strong 5.4% from the same month one year earlier.

Posted by: Patrick FearonCategory:Mexican Economy, Retail Sales, Leave Comment

Second Quarter GDP Rises 0.5 Percent

In an initial estimate, Mexico's second-quarter gross domestic product (GDP) was up a modest 0.5% from the previous quarter.  GDP in the second quarter was up just 2.2% from the same period one year earlier, after increases of 2.6% in each of the previous two quarters.

Posted by: Patrick FearonCategory:Mexican Economy, Economic Growth, Leave Comment

Quarterly Economic Overview - 2015 Q2

The following is a reprint of Terra Nova's quarterly economic overview of Mexico, which was recently sent to our investors as part of their report for the second quarter of 2015.

Posted by: Patrick FearonCategory:Mexican Economy, Economic Growth, Economic Forecasts, Trade Balance and Exports, Unemployment, The Peso, Inflation, Monetary Policy, Fiscal Policy, Trade Policy, Regulatory Policy, Competitiveness, Retail Sales, Special Reports, Leave Comment

Industrial Production Still In the Doldrums

Mexican industrial production rose by a seasonally-adjusted 0.2% in June, after a revised 0.4% decline in May and flat readings in each of the two months before that.  Production in June was up just 1.4% from the same month one year earlier, as weak mining output continues to offset increased output from the utility, construction, and manufacturing sectors.

Posted by: Patrick FearonCategory:Mexican Economy, Industrial Production, Leave Comment

Fixed Investment Takes a Breather

Gross fixed investment in Mexico fell by a seasonally-adjusted 0.9% in May, after revisions showed a 0.4% rise in April and a 4.0% jump in March.  Investment in May was up 2.3% from the same month one year earlier.

Posted by: Patrick FearonCategory:Mexican Economy, Fixed Investment, Leave Comment

Inflation Weakens Further in July

Mexico's July consumer price index (CPI) was up just 2.7% from the same month one year earlier, marking the lowest recorded inflation rate in Mexican history.  Nevertheless, Banco de Mexico is still worried that the weak peso will eventually drive inflation higher, so it continues to signal that it will hike interest rates as soon as U.S. rates go up.

Posted by: Patrick FearonCategory:Mexican Economy, Inflation, Leave Comment

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