Mexico City. The heavy vehicle sector reported a mixed balance at the end of September 2024, due to the annual drop in production and export of units, while sales showed a slowdown compared to September 2023, figures from the National Institute of Statistics revealed. and Geography (Inegi). At the end of September 2024, the heavy … Read more
Mexico City. Although the majority of the governing board of the Bank of Mexico (BdeM) warns that service inflation continues to exhibit persistence, the reference rate will continue to have additional adjustments, reveal the minutes of the central bank, corresponding to the monetary policy decision on September 26, 2024, where the rate was cut from … Read more
Mexico City. Mexico received 20,714.55 million dollars in foreign currency income from international tourists from January to August 2024, which represented a growth of 5.33 percent compared to the same period in 2023, reported the National Institute of Statistics and Geography ( Inegi). According to the results of the International Traveler Survey published by Inegi … Read more
Mexico City. In August 2024, remittance income amounted to 6.87 million dollars, which represented an annual increase of 9.3 percent, the Bank of Mexico (BdeM) revealed this Wednesday. He highlighted that remittances sent by residents of Mexico abroad registered an annual increase of 12.3 percent, reaching a level of 104 million dollars. With these results, … Read more
Mexico City. Specialists consulted by the Bank of Mexico (BdeM) predicted that general inflation will close below what they had estimated; However, they also cut their economic growth expectations for both this and next year. According to the “Private Sector Economic Specialists’ Expectations Survey: September 2024,” the 2024 gross domestic product will be 1.46 percent, … Read more
Mexico City. The timely monthly indicator of manufacturing activity (Imoam) anticipated that the sector continued to grow in August, reported the National Institute of Statistics and Geography (Inegi). For August 2024, the Imoam stood at 110.5 points, which pointed to an annual advance of 1.4 percent in manufacturing activity. This advance would come after the … Read more
Mexico City. Mexico can maintain its investment grade in the next two years, but if the debt reaches 60 percent of the Gross Domestic Product (GDP) it can lose it, BBVA predicted. “Public debt could approach 60 percent of GDP at the end of 2030 and the investment grade would most likely be lost if … Read more
Tulum, QR. Fitch Ratings said Thursday that it is not considering reducing Mexico’s sovereign debt rating or moving it from its current investment grade rating – a risk-free instrument for investors – said Gerardo Carrillo, Fitch’s regional director for Latin America for international public finance, when speaking about the country’s outlook a few days before … Read more
Mexico City. Private consumption in the first eight months of the year grew 9.1 percent compared to the same period in 2023, a figure that, while positive, also showed weakness compared to the figure recorded in the same period, according to an analysis by BBVA Research. According to the BBVA Research Big Data Consumption Indicator, … Read more
Spending by international tourists arriving in Mexico during the month of July reached 2,497.5 million dollars, only 0.5 percent more than in the same month in 2023, while the arrival of travelers from around the world reached 3.99 million, according to figures from the National Institute of Statistics and Geography (Inegi). According to the International … Read more