Login to Digital Content
User:
Pass:
 
Last News
  • Amistad Desarrolladores grows with the automotive industry
  • Mars inaugurates the expansion of their plant in Jalisco
  • Jalisco will insist on the aerospace industry
  • Chinese vehicles assembler to be established in Chihuahua
  • Continental will invest US$2.7 million in the expansion of their manufacturing plant in Silao
  • 4G Ingenieria Plant inaugurated in Guanajuato
  • Care Fusion inaugurates new facilities
  • GMexico planning to invest US$9 billion by 2017
  • Governor Francisco Vega confirms investment and employment in BC aerospace sector
  • Pepsico invests US$56.6 millions in treatment plant
  • Chihuahua will manufacture an airplane by 2023
  • The first machines for Audi plant have arrived
  • Interjet reports the results of Mexico-Bogota route a year after it started operating
  • Altamira Port will receive investments for US$75.5 million in 2014
  • OMA will invest US$26.5 million in the new Acapulco terminal
  • Audi, BMW and Mercedes looking for suppliers in Mexico
  • Auto parts company starts operations in Parral
  • Cesar Duarte will travel to China to “secure” assembly plant
  • Guanajuato Inland Port grows with new tenants
  • A new Hyundai plant may be installed in Nuevo Leon
  • 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