Login to Digital Content
User:
Pass:
 
Last News
  • Automotive manufacturer will invest US$3 million in Jalisco
  • Mitchell Plastics open their doors in Queretaro
  • Mexico, ready to receive Canadian investment in SMC’s: Bancomext
  • More plants from foreign companies arriving to Monterrey
  • TEN Arquitectos the most likely choice to build the new airport
  • Technological Agroindustry Park to be built in Zapotlan
  • Parras will have an industrial park
  • Kia Motors will start assembling autos in Mexico in 2016
  • Aerospace Summit to be held in Queretaro
  • Mexico and the USA promote aerospace SMC’s cluster
  • Investment in Baja California aerospace industry
  • SCT promotes the creation of the Federal Civil Aviation Agency
  • Uruapan is attractive for assemblers in the automotive industry: Ministry of the Economy
  • Vesta is raising an automotive industrial park in Tlaxcala
  • Peńa Nieto will announce the new Hyundai plant
  • Guanajuato wants it all: they are after suppliers
  • Guanajuato will reactivate the leather industry
  • Nissan will assemble three Infiniti models in the new Aguascalientes Complex
  • International Surface Finishing Academy announces Anodizing for Aerospace Workshop to be held at the UNAQ campus in Queretaro, Mexico
  • Aerospace sector, efficient; reaches US$1 billion trade surplus
  • US Dollar climbs to MXP$13.99/US$1, which may hit standard of living

    Ciudad Juarez, Chihuahua.- The increase in the Mexican Peso/US Dollar rate of exchange, which yesterday reached MXP$13.99/US$1 at banks, will cause a drop in the standard of living, because prices will keep going up while employment remains stagnated. Miguel Angel Calderon Rodriguez said that the effects of this 9.3% depreciation of Mexican Peso will affect people in Ciudad Juarez, because more than 60% of products consumed here are imported and that means a blow to everybody’s pockets. He reminded that right now employment is under a slow recovery stage and that there is a deficit of 50,000+ jobs when compared to 2007, when a peak was reached. He explained that unlike what happened in other crises, this time an expensive US Dollar will not help bring investments to Ciudad Juarez, because there is much uncertainty on consumption in the United States.
    Source: El Diario | Date: 21/05/2012