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
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
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
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
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