Mexican employed personnel in the manufacturing industry fell 3.71%

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MEXICO – According to the National Institute of Statistics and Geography (INEGI), the Manufacturing Industry, Maquiladora and Export Services (IMMEX) program registered a fall of 3.71% at an annual rate on April 2020; representing its steepest decline since August 2009, when it fell 6.18%.

The IMMEX shows the main characteristics and evolution of manufacturing and non-manufacturing establishments (number of active stores, employed personnel, hours worked, wages and income, among other variables) registered in this program.

Regarding the non-manufacturing sector (activities related to agriculture, fishing, commerce and services) it grew 0.77%, while in manufacturing terms, it decreased 4.27% at annual rate.

Hours worked decreased 34.9% compared to the same period last year, its deepest drop since 2007. In a disaggregated manner, regarding non-manufacturing establishments they fell 5.8%, and in manufacturing they fell 38.6%, with series adjusted for seasonality.

Average real remuneration paid to personnel hired directly by establishments adhered to the IMMEX program decreased 3.2% at the annual rate during April, according to seasonally adjusted data. On a disaggregated way and regarding manufacturing economic units they were down 4.2% and in non-manufacturing they rose 10.1% at the annual rate.

Source: El Financiero