Mexico City. Employment by the maquiladora industry in Mexico showed weakness again in June, amid estimates of the relocation of companies in the country (nearshoring), falling 0.4 percent monthly and 2.5 percent annually.
The National Institute of Statistics and Geography (INEGI) published on Wednesday the results of the monthly statistics of the Manufacturing, Maquiladora and Export Services Industry Program (IMMEX program), which shows the main characteristics and evolution of manufacturing and non-manufacturing establishments (number of active establishments, personnel employed, hours worked, wages and income, among other variables) registered in this program.
The employment of personnel by the IMMEX maquiladora industry in Mexico reported declines since the beginning of the second half of 2023, but for the fourth and fifth months of this year it showed a slight monthly increase, contrary to what can be expected from relocation, analysts considered.
When broken down by type of establishment, manufacturing fell 0.8 percent in June compared to May, and non-manufacturing (associated with activities related to agriculture, fishing, trade and services) rose 1.9 percent monthly, with seasonally adjusted figures. In its annual measurement, manufacturing fell 2.9 percent and non-manufacturing grew 0.6 percent.
According to IMMEX statistics, as of June 2024, 3.28 million people were employed in establishments affiliated with the program; of these, 2.92 million were directly employed by manufacturing units (2.4 percent less than in June 2023); 44,817 were subcontracted, with an annual increase of 7.4 percent; and 353,000 in non-manufacturing units.
In the reference month, hours worked decreased by 0.2 percent on a monthly basis: in manufacturing establishments they decreased by 0.4 percent and in non-manufacturing establishments they increased by 0.6 percent. On an annual basis, hours worked fell by 3.2 percent last June. Average real wages rose by 4 percent.
In June 2024, the average real wages paid to personnel directly hired by establishments with the IMMEX program decreased by 0.6 percent compared to the previous month. On a disaggregated monthly basis, manufacturing economic units showed a drop of 1.3 percent and non-manufacturing units grew by 3.0 percent.
The growth of the manufacturing industry is notable in Mexico’s northern border, where Baja California stands out as the national leader, with a distribution of establishments by federal entity, where the entity represented 17.6 percent; followed by Nuevo León and Chihuahua with 13.2 and 8.9 percent. Among the most backward are Michoacán, Sinaloa and Yucatán.
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– 2024-08-30 10:21:30
