SHCP forecasts economic growth between 2% and 3% in 2025

SHCP forecasts economic growth between 2% and 3% in 2025

Mexico City. The Mexican government anticipates that the Mexican economy will grow between 2 and 3 percent next year, indicate the General Economic Policy Criteria for 2025 presented this Friday by the Ministry of Finance and Public Credit (SHCP). This estimate remains unchanged with respect to the Pre Criteria that were presented in April of … Read more

Peso and Mexican stock market decline, in a week of volatility due to Trump

Peso and Mexican stock market decline, in a week of volatility due to Trump

Mexico City. The Mexican peso and the stock market fell this Friday, although a week of strong volatility was set to end with gains, while investors continued to weigh the implications of Donald Trump’s return to the White House. According to media reports, the president-elect asked Robert Lighthizer, a firm believer in tariffs, to return … Read more

Due to economic solidity, IMF renews Mexico’s Flexible Credit Line

Due to economic solidity, IMF renews Mexico’s Flexible Credit Line

Mexico City. The International Monetary Fund (IMF) recognized that Mexico has solid economic fundamentals and very strong institutional policy frameworks, which is why it determined that it meets the criteria to maintain access to the Flexible Credit Line (LCF), an instrument that until The moment has not been used, but serves as a backup. The … Read more

Citibanamex raises Mexico’s growth projection from 1.3 to 1.4%

Citibanamex raises Mexico’s growth projection from 1.3 to 1.4%

Mexico City. Citibanamex announced that it marginally increased its economic growth estimate for this year and went from 1.3 to 1.4 percent. The new projection, reported the financial institution, is presented even though the National Institute of Statistics and Geography (Inegi) reported this morning that national activity contracted in August and slowed down compared to … Read more

Retail sales grew 0.1% in August, reports Inegi

Retail sales grew 0.1% in August, reports Inegi

Mexico City. Retail sales in Mexico, the main indicator of family consumption activity, reported a marginal advance of 0.1 percent monthly during the eighth month of the year, according to figures from the National Institute of Statistics and Geography (Inegi). Trade in Mexico grew at a lower rate compared to July, when it advanced 0.7 … Read more

ECLAC sees benefits for Mexico in the new reconfiguration of trade

ECLAC sees benefits for Mexico in the new reconfiguration of trade

Mexico City. Because of its geographical position, its extensive capabilities and the vast network of trade agreements, Mexico is a country that is ideally positioned to benefit from the entire new reconfiguration of international trade, said Juan Manuel Salazar-Xirinachs, executive secretary of the Economic Commission. for Latin America and the Caribbean (ECLAC). “The challenge that … Read more

Private consumption fell 0.1% in September, reports Inegi

Private consumption fell 0.1% in September, reports Inegi

Mexico City. The Timely Indicator of Private Consumption (IOCP), calculated by the National Institute of Statistics and Geography (Inegi), estimated that private consumption in Mexico could not maintain its growth rate during August and September, which caused a slowdown in recent years. 12 months. The IOCP predicts that the Monthly Indicator of Private Consumption (IMCP) … Read more

Employment will grow 2.1% this year; Uncertainty affected by reforms: BBVA

Employment will grow 2.1% this year; Uncertainty affected by reforms: BBVA

Mexico City. This year, employment will have a growth of 2.1 percent, a forecast that depends on economic growth expectations, “which are largely conditioned on the dissipation of the uncertainty generated by the recent legislative reforms,” BBVA announced this Wednesday. , the bank with the greatest presence among those operating in the country. An analysis … Read more

Manufacturing services, main source of income from foreign trade

Manufacturing services, main source of income from foreign trade

Mexico City. Nearly 5,222 companies in Mexico carried out international trade, in at least one service, which represented 53.3 percent of the total number of companies nationwide (9,796 companies) and had revenues of 1.13 trillion pesos during 2022, revealed the National Institute of Statistics and Geography (Inegi). 74.1 percent of total income came from the … Read more

Inflation reached 4.58% annually in September; slowed for second month

Inflation reached 4.58% annually in September; slowed for second month

Mexico City. The national consumer price index (INPC) was below market consensus expectations and inflation slowed in September for the second consecutive month, revealed data from the National Institute of Statistics and Geography (Inegi). Specifically, the INPC advanced 0.05 percent between August and September of this year and 4.58 percent in the last 12 months, … Read more