Production value of the Bajio’s manufacturing industry up 17.4% during first half of 2017
From January through June, the production value of the Bajio manufacturing industry reported an average increase of 17.4% compared to the same six-month period of 2016, according to official data.
The Bajio region (lowlands) is located Northwest of Central Mexico and includes the states of Aguascalientes, Guanajuato, and Queretaro, as well as parts of Jalisco and San Luis Potosi.
Nowadays, the region is experiencing a strong economic development boosted by the automotive and aerospace industries.
Figures from the National Institute of Statistics and Geography (INEGI) reveal that San Luis Potosi’s manufacturing industry produced goods valued at US$ 8.1 billion (considering an exchange rate of 18 pesos per dollar), which represented a 26.8% hike. Guanajuato’s production value nearly tripled that of its neighbor state to US$ 20.3 billion, but the growth rate was considerably lower, to 17.3%.
During the same period, the value of Aguascalientes manufactured goods totaled US$ 6.5 billion, up 15.9%, while the production value of Queretaro reached US$ 7.4 billion, a 9.7% increase.
For the first half of 2017 Mexico manufactured goods valued at US$ 195.3 billion, representing a 15.8% hike compared to the same period of 2016, according to the INEGI.