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  • The Tecma Group of Companies’ entities gain certification for Mexican VAT tax exemption
  • Alfa will invest US$700 million in Altamira electric plant in 2015
  • Eosol Energy will increase investments
  • Mexico manufactures 85% of pieces for the aerospace sector
  • Rassini grows capacity by 40% at their Puebla plant
  • Condumex plant inaugurated in Guanajuato
  • Aeronautics lab inaugurated in Queretaro
  • GM buys US$14 billion from suppliers established in Mexico
  • Astronaut Hernandez suggests more aerospace investment in Mexico
  • Building three hydroelectric plants, among CFE’s plans
  • Prologis in analyzing new investments
  • The Governor of Jalisco is going to Asia for more investments
  • Aerospace will open an MRO workshop in Chihuahua City
  • Exports increased by up to 300% in Queretaro Intercontinental Airport
  • DHL Express expands Hub in Queretaro with US$14.5 million
  • Automotive sector provides impulse to 3M
  • The Governor of Queretaro heads the Mexican Manufacturing Association Meeting
  • Queretaro opens to Chinese investment
  • Investment will grow in the electric sector
  • Oil companies from Houston want to establish in Monterrey
  • Manufacturing sector will provide impulse to economy: HSBC

    Mexico.- Grupo Financiero HSBC forecasts 3.4% growth by the Mexican economy upon closing 2012, taking into consideration the trends expected in the manufacturing sector. Sergio Martin Moreno, Chief Economist for Mexico with HSBC, said that according to the Purchasing Manager’s Index (PMI) of the Mexican Manufacturing Sector prepared by HSBC, last April a new improvement was observed in the sector’s conditions. He explained that these arises from a substantial increase in both production and new orders over March, which took PMI from 53.9 points to 56.3 points; in addition to remaining above the 50 points threshold. “HSBC’s Manufacturing PMI reached 56.3 points in April, the highest in the last 12 months. This suggests that the industrial sector will keep a positive impulse and supports our 3.4% GDP forecast for 2012, which means growth over the average 3% posted in the last 15 years”, he said.
    Source: Notimex | Date: 07/05/2012