Economy

Mexico's unemployment rate resumed its upward trend in September, rising to 4.25% from 4.15% of the economically active population, the highest level since August 2004. Measured on... 2008-10-30

The short-term outlook for Mexico's benchmark IPC stock index continues to look ominous, in our view. Already in the midst of a bear market (down 28% from last year's peak), the bolsa... 2008-10-03

In line with our call, Banxico held benchmark interest rates at 8.25% on September 19, supporting our view (held since late August) that an improving external inflationary picture... 2008-10-02

Mexico's narrowest measure of money supply, M1, declined by 0.8% m-o-m in August, however this was in contrast to M4 growth (the broadest measure of money supply) of 1.7% m-o-m and... 2008-09-29

BMI View: Mexico's consumer confidence index saw a 1.4% m-o-m uptick in August, indicating that perhaps Mexican consumers are improving their outlook in light of declining global... 2008-09-08

Mexico's trade balance for June entered positive territory for the first time since April 2006, posting a surplus of US$270mn (from a US$61mn shortfall in the previous month). The... 2008-07-31

On July 21, Pemex announced a slight m-o-m increase in crude oil production for June, up 1.5% on May's figures. However, y-o-y production continued to show negative growth, down 11.4%... 2008-07-23

Mexico's trade balance for May showed a slight improvement on the previous month, with the monthly trade deficit narrowing to US$61mn from April's US$1.1bn. The reason for this change... 2008-07-14

BMI View Our 2.9% real GDP growth forecast for the Mexican economy in 2008 was put at risk with the announcement of disappointing Q108 y-o-y growth of 2.6%, 40bps below government... 2008-07-07

Mexican GDP growth in Q108 was helped somewhat by a 5.4% y-o-y increase in the commerce, restaurant and hotels sector. Growth in this sector, the second largest by share of GDP, outstripped... 2008-07-07