Washington. The deputy governor of the Bank of Mexico (BdeM) Jonathan Heath said that rates are likely to remain unchanged for longer than anticipated by the market, which would leave the reference rate at 11 percent in May, while the decision of June would depend on macroeconomic data. Last month, BdeM decided in a divided … Read more
Mexico City. The peso against the dollar began the last day of the week with a gain of 0.78 percent or 12.9 cents, bringing the exchange rate to 16.46 units per greenback. At the start of the session, the Mexican currency with respect to the dollar, the main currency to be negotiated in the exchange … Read more
Mexico City. In the first quarter of the year, 927,781 light vehicles were produced in Mexico, a figure slightly higher by 0.61 percent compared to the 922,177 units that were produced in the national territory during the same period but last year, according to meet this Friday the National Institute of Statistics and Geography (Inegi). … Read more
Mexico City. The peso concluded the last day of the week at 16.46 units per dollar, its best level since November 2015. Throughout the week, the Mexican currency had a gain of one percent, since at the close of Monday the exchange rate reported by the Bank of Mexico (BdeM) ended the exchange session at … Read more
Mexico City. Mexico registered an annual inflation in March of 4.42 percent, driven by the increase in prices of chicken, air transportation, gasoline, housing, lunch shops, and packaged tourist services, mainly. According to the latest report from the National Institute of Statistics and Geography (Inegi), the country’s general inflation increased slightly from February to March, … Read more
Mexico City. Although geopolitical tensions have intensified and put new pressures on global trade, the Mexican economy has maintained a solid performance reflected in the results in the labor market and in the consolidation of the country as one of the most important destinations for investment. direct foreign investment worldwide, said Rogelio RamÃrez de la … Read more
Mexico City. Manufacturing activity in Mexico fell in March, after four consecutive monthly advances, revealed the National Institute of Statistics and Geography (Inegi). At the end of March 2024, the Manufacturing Orders Indicator (MPI), which allows us to know the expectations and perception of business managers about the behavior of the manufacturing sector, stood at … Read more
Mexico City. Investment in total facilities, machinery and equipment in Mexico, of national and imported origin, grew 0.1 percent in real terms in January, compared to December, driven by residential construction and imported transportation equipment, figures from the National Institute revealed. of Statistics and Geography (Inegi). After having registered a monthly contraction of 1.8 percent … Read more
Mexico City. Dragged by the domestic sector, private consumption in Mexico started 2024 with a monthly contraction and less progress compared to January of last year, reported the National Institute of Statistics and Geography (Inegi). The Monthly Indicator of Private Consumption (IMCP) evaluated that spending by companies, families and individuals in Mexico showed a monthly … Read more
Mexico City. The motor industry in Mexico achieved its best first quarter in sales of light vehicles since the same period in 2017, according to data from the National Institute of Statistics and Geography (Inegi). According to the progress of sales to the public in the domestic market of the Administrative Registry of the Automotive … Read more