The strength of the dollar, awaiting statements from central banks in industrialized economies, continues to weaken the Mexican peso. At the opening of the American markets, the Mexican currency extended yesterday’s losses, depreciating 0.98 percent, to trade at around 18.8112 units per dollar. The Federal Reserve’s fifth two-day meeting of the year kicks off on … Read more
Mexico City. The value of production by construction companies in Mexico accumulated four consecutive months of contraction in May; it also slowed its annual growth, reported the National Institute of Statistics and Geography (INEGI). According to the Construction Company Indicators (Enec), the value of the production of construction companies in the country reported its fourth … Read more
Mexico Metropolis. With a view to absolutely rebuild the Funds Revenue Stabilization Fund (FEIP), which permits the federal authorities to build up sources from completely different fiscal years and use them within the occasion of attainable drops in estimated revenues, the Ministry of Finance introduced two new sources of sources and can now have 5. … Read more
Mexico Metropolis. The Board of Governors of the Financial institution of Mexico (BdeM) expects that the inflationary atmosphere might enable for the dialogue of recent fee cuts in upcoming conferences, based on the minutes of the financial coverage assembly on the finish of June. The BdeM maintained its benchmark rate of interest at 11 % … Read more
Mexico Metropolis.Industrial manufacturing picked up tempo in Could. Secondary actions rose 0.7 % in comparison with April, pushed by the vitality, gasoline and water sectors, the Nationwide Institute of Statistics and Geography (INEGI) reported. The optimistic efficiency of the Month-to-month Indicator of Industrial Exercise (IMAI) was additionally mirrored in its annual variation, as a progress … Read more
Mexico Metropolis. International forex earnings from tourism amounted to 2.464 billion {dollars}, an quantity that translated into a rise of seven.7 % in comparison with the identical interval final yr, the Nationwide Institute of Statistics and Geography (INEGI) reported on Friday. In keeping with the Worldwide Vacationers Survey (EVI), the information on the financial influence … Read more
Mexico Metropolis. The Mexican financial system will proceed to develop reasonably in direction of the top of the yr, in keeping with the Composite Indicator System: coincident and main, calculated by Inegi. The Nationwide Institute of Statistics and Geography (INEGI) acknowledged that the main indicator, which suggests the conduct of the financial system within the … Read more
Mexico Metropolis. The governing board of the Financial institution of Mexico (BdeM) determined, not unanimously, to maintain the reference fee at 11 %, that’s, the associated fee at which corporations and households finance themselves, by barely growing its inflation expectations and indicating that there are nonetheless dangers on the horizon for costs. Within the assertion … Read more
Mexico Metropolis. Mexico, the US and Brazil agreed to advertise financial progress in Latin America by way of worldwide monetary organizations. “The final word purpose is for Latin America to acquire the utmost profit from the relocation of corporations,” stated Gabriel Yorio, Undersecretary of Finance, within the context of the discussion board “The function of … Read more
Mexico Metropolis. The Mexican economic system started the second quarter of 2024 with weak point. The International Indicator of Financial Exercise (IGAE) for April contracted 0.6 % in comparison with March because of the slowdown in commerce, providers and the agricultural sector, the Nationwide Institute of Statistics and Geography (Inegi) reported this Friday. The measurement … Read more