Economy

Baja California Sur leads in industrial activity growth
The state of Baja California Sur was the entity with the most significant increase in its industrial activity, with a 70.7% increase shown in April 2018, compared to the same period of the previous year. The expansion of the industrial sector as well as tourism helped this growth––the state is ...
Manufacture jobs on the rise for eighth month in a row
Jobs in Mexican manufacture sector rised for eighth month in a row during July at rate of 0.2 percent compared to June, according nation’s statistics agency, known as Inegi. Eleven out of 21 branches in the employment index registered growth, an official brief revealed. Compared to July of 2015...
Mexican gas prices increase to boost fuel-efficient cars sales
The 20% rise in Mexican gasoline prices effective on January 1st should not reduce auto sales in the near term but will ultimately boost the market for more fuel-efficient cars, said Guillermo Rosales, deputy director of the Mexican association of automobile distributors (AMDA). "In the short-term,...
Mexican peso devaluation lowers manufacturers costs
As major banks in Mexico are now fixing the peso at 20 per dollar, nearshore manufacturers may find additional savings by operating in the region, according to experts. "Most companies costs are in pesos while sales are in dollars. When Mexican currency losses value expenses become cheaper”, ex...
Mexican peso rebounds after U.S. presidential debate
After the first presidential debate, the Mexican peso rebounded from a record low in a sign investors perceive Hillary Clinton outperformed Donald Trump. The currency rose 2.3 percent to 19.4372 per dollar as of 3:28 p.m. in New York, the biggest gain among more than 140 currencies tracked by Blo...
Mexico container volume inches up despite slow economy
The volume of loaded 20-foot-equivalent units (TEU) moving through Mexican ports increased this year, despite a slow-moving economy and container volume declines at the country’s biggest port, Mexican government figures show. ...
Mexico to outpace South Korea on auto exports
South Korea’s shipments of cars are set to decline for two consecutive years in 2016, handing over the world’s third-largest auto exporter title to Mexico, Korean media revealed citing government data. From January through November, South Korean automakers shipped 2.32 million cars, while data ...
Mexico's GDP contracts for the first time in three years
Mexico's economy contracted 0.2 percent in the second quarter from the prior three months, less than calculated last month, as growth in the services industry slowed and exports fell. Gross domestic product shrank 0.2 percent, according to a report from the national statistics institute, the first ...
Mexico's industrial production rises for third month in a row
Mexico’s industrial production grew up for the third month in a row in July, expanding a bit faster than expected as factory output rose by the most in nearly a year, official data showed. Mexican industrial output rose 0.3 percent in July from June in seasonally adjusted terms, the national ...
Trump's budget will benefit Mexican industry
Industrial sectors in Mexico, such as aerospace, automotive, electric, electronic and medical devices, will be benefited by the budget plan presented by Donald Trump in Congress, which contemplates considerable increase in the expense for the Security and Defense departments during the 2018 fiscal y...

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