GDP: 2.6% in Q1
Consumer Prices: +3.9% in May. This relatively low rate prompted the Central Bank to once again leave the benchmark interest rate unchanged at 7.25%.
Industrial Production: +1.5% in April
Unemployment: 3.2% in April
Trade Balance: - $11.3 billion for the past 12 months to May
Oil Reserves: According to a study by BP, Mexico's oil reserves will be exhausted in 10 years based on today's production rate
Automotive Industry: 183,712 units were produced in May, slightly ahead of April and of last year (+ 0.2%); in the first five months of the year, 807,207 units were produced, or 5.0% less than last year. Automobile exports rose 6.4% in May over last year.
Steel Production: 1.55 million mt in May, or 13.9% ahead of last year. In the first five months of the year, 7.3 million mt were produced, or 9.6% ahead of last year.
Currency: Peso 10.9 to US$1 as of June 27 (Peso 11.4 to US$1 a year ago)
GDP: + 2.0% in Q1. After growing 0.4% in February and 0.3% in March, the growth rate dropped to 0.0% in April.
Consumer Prices: + 2.2% in May
Industrial Production: - 0.9% in March
Unemployment: 6.1% in May
Trade Balance: + $46.0 billion for the latest 12 months to April
Oil Reserves: According to a study by BP, Canada's oil reserves will be exhausted in about 15 years based on today's production rate.
Automotive Industry: 236,309 units were produced in May, or 1.5% less than last year. In the first five months of the year, 1,151,470 units were produced, a slight increase of 1.2% compared to last year. Year-to-date May Canada remains the only NAFTA country staying ahead of last year's car production, if only by a slim margin.
Steel Production: 1.050 million mt were produced in May, or 22.5% less than last year. In the first five months of the year, 5.1 million mt were produced, a decline of 22.7% compared to last year.
Currency: C$1.06 to US$1 as of June 27 (C$1.13 to US$1 a year ago)