Overview
The final week of August will bring a series of economic indicators from both Mexico and the United States. These figures will cover construction industry performance, trade balance, job creation, labor poverty in Mexico, consumer confidence, and US GDP growth.
Monday, August 25: Construction Industry
Encuesta Nacional de Empresas Constructoras (June)
- This survey measures the performance of Mexico’s construction sector, including production, employed personnel, and wages. It is crucial for assessing industrial activity and infrastructure investment, key drivers of Mexico’s economic growth.
Tuesday, August 26: Consumer Confidence and US Employment
Results of Banxico’s Government Securities Auction
- These figures provide insights into the placement of government debt instruments and the interest rates obtained. They are relevant for investors and analysts as they reflect market perception on country risk, liquidity, and monetary policy expectations.
Encuesta Nacional de Ocupación y Empleo (2T 25)
- This survey offers data on Mexico’s employment and occupation situation in the second quarter.
Consumer Confidence The Conference Board (August)
- This indicator gauges household sentiment about the current and future economic situation in the world’s largest economy. It significantly influences consumer spending, which accounts for over 60% of the US GDP.
Wednesday, August 27: Trade Balance and Labor Poverty
Mexico’s Merchandise Trade Balance (July)
- This data measures the difference between Mexico’s exports and imports, providing insights into external competitiveness, foreign exchange generation, and the impact of international trade on Mexico’s economy in a global uncertainty context.
Labor Poverty (2Q 25)
- For the first time, INEGI will publish the labor poverty indicator, previously calculated by the now-defunct Coneval. This metric measures the percentage of individuals whose labor income is insufficient to acquire Mexico’s established food basket, evaluating workers’ ability to meet basic needs.
OECD’s Inventories of Crude Oil
- These reports reveal US crude oil stocks, influencing international oil prices and, consequently, global inflation expectations and production costs. This information affects global monetary policy decisions.
Thursday, August 28: Labor Market and US GDP
National Employment and Occupation Survey (July)
- This INEGI survey is the primary source of information on employment, unemployment, and underemployment in Mexico. Its results are vital for measuring labor market dynamism and household well-being, guiding social and economic policy decisions.
US GDP (2Q 25)
- A new revision of the second-quarter US GDP will be released, allowing for global economic trajectory prediction, Fed decisions, and their impact on capital flows to emerging economies.
New US Unemployment Benefit Applications
- Weekly labor market evolution data, these figures indicate short-term employment changes and help anticipate movements in other indicators like unemployment rates, Fed rates, and consumer confidence.
Friday, August 29: Personal Consumption in the US
Personal Consumption Expenditures (PCE) Price Index in the US
- This Federal Reserve’s preferred inflation indicator will be published. It guides interest rate decisions, affecting financial markets, credit costs, and global inflation expectations.
Key Questions and Answers
- What is being measured in Mexico’s construction industry survey? The survey measures production, employed personnel, and wages in Mexico’s construction sector.
- Why are Banxico’s government securities auction results important? These figures reflect market perception on country risk, liquidity, and monetary policy expectations.
- What does the labor poverty indicator measure? It measures the percentage of individuals whose labor income is insufficient to acquire Mexico’s established food basket.
- Why are US GDP revisions significant? They allow for global economic trajectory prediction, Fed decisions, and their impact on capital flows to emerging economies.
- How do new US unemployment benefit applications impact the labor market? These figures indicate short-term employment changes and help anticipate movements in other labor market indicators.
- What is the Personal Consumption Expenditures (PCE) Price Index? It’s the Federal Reserve’s preferred inflation indicator, guiding interest rate decisions and affecting financial markets, credit costs, and global inflation expectations.
