Mexico City. In a session without the reference of the United States, the financial markets in Mexico closed with a mixed balance this Monday. On the eve of the outcome of the reform of the Judicial Branch in the country, the Mexican peso showed a daily depreciation against the dollar by 0.47 percent, equivalent to … Read more
Mexico City. While awaiting the outcome of the debate on judicial reform in the Chamber of Deputies and amid fears about the economy, the Mexican peso is accelerating its fall against the dollar towards levels of 20 units per dollar. At the opening of the American markets, the Mexican currency depreciated by 0.78 percent, trading … Read more
Mexico City. The automotive industry in Mexico managed to sell 962,870 light vehicles in the national market in the first eight months of 2024, its best sales for a similar period since 2017, according to data from the National Institute of Statistics and Geography (Inegi). According to the progress of sales to the public in … Read more
Mexico City. The Mexican economy has slowed down and is expected to continue to show less dynamism towards the end of the year, suggests the Composite Indicator System: coincident and leading, calculated by Inegi. The National Institute of Statistics and Geography (INEGI) stated that the leading indicator, which suggests the behavior of the economy in … Read more
Mexico City. The Bank of Mexico (BdeM) has ‘strongly’ revised downward its economic growth forecast for Mexico for 2024, from 2.4 percent to 1.5 percent, due to the fact that a lower dynamism of investment is anticipated due to the uncertainty that persists, both due to internal and external factors. During the presentation of the … Read more
Mexico City. The quarterly gross domestic product (GDP) showed an annual increase of 5.9 percent during the first quarter of 2024, reaching more than 32 trillion current pesos, revealed the National Institute of Statistics and Geography (Inegi). This morning, the Institute presented the preliminary quarterly results of GDP using the income and expenditure method, which … Read more
Mexico City. Amid stronger economic growth in the United States, which has strengthened the dollar, and greater risk aversion in Mexico, the Mexican peso is once again weaker against the US currency and is heading back toward 20 per dollar. At the opening of the American markets, the Mexican currency has depreciated by 1.33 percent, … Read more
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 … Read more
Mexico City. Inflation in Mexico eased in the first half of August, supported by fresh food. The national consumer price index (INPC), which is launching a basket and weighting structure, registered a reduction of 0.03 percent compared to the previous fortnight. Thus, annual inflation stood at 5.16 percent, according to the report released this morning … Read more
Mexico City. The Mexican economy lost speed and grew by one percent in the second quarter of 2024 compared to the same period in 2023, reflecting a slowdown, as the first quarter’s growth was 1.9 percent annually, according to figures from the National Institute of Statistics and Geography (Inegi). On a quarterly basis, Mexico’s gross … Read more