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
Mexico City. The Bank of Mexico (BdeM) expects that the country’s inflationary environment could allow for discussions of adjustments to the reference interest rate, according to the minutes of the entity’s August monetary policy decision on Thursday. The BdeM cut its benchmark interest rate by 25 basis points to 10.75 percent in a split decision … Read more
Mexico City. The high interest rates prevailing in the bank credit market and the economic situation in general are the main limitations for companies in the country not to request new financing from these credit institutions, according to an analysis by the Bank of Mexico (BdeM). According to the Evolution of Financing for Companies during … Read more
Mexico City. The value of construction companies’ production increased by 3.9 percent in June compared to May, a result that translated into three consecutive months of growth, the National Institute of Statistics and Geography (INEGI) reported on Friday. The annual rate variation of the National Survey of Construction Companies (ENEC) showed a fall of 2.3 … Read more
Mexico City. The peso appreciated 1.81 percent compared to Thursday’s close, as the exchange rate stood at 19.0708 units of the local currency per dollar at the end of the last day of the week, according to data from the Bank of Mexico (BdeM). Analysts at Grupo Monex commented that this behavior is explained by … Read more
Mexico City. Awaiting macroeconomic data from the United States that could ease or aggravate doubts about the health of the world’s largest economy, which contributed to the start of the stock market storm eight days ago, and focused on the risks of recession, financial markets start the week with doubts and in mixed territory. At … Read more