Mexico's Economy

25 new investment projects arriving in Coahuila
During the second semester of the year and final portion of the current Coahuila administration, 25 new investment projects will be formalized and this will in turn help to reach and most likely surpass the goal of creating 150,000 new jobs during the Governor's term. The head of the Ministry of Eco...
70% rebound in the arrival of US travelers into Queretaro's airport
The increase in air routes offered from Queretaro's Intercontinental Airport (AIQ) towards cities in the US, has prompted growth rates of 70% in the number of travelers from the US, which added up to 23,336 from January to May this year. This has made AIQ the Bajio airport with the greatest leap in ...
America Movil posts steep 4Q loss on peso depreciation, customers decline
America Movil, the Mexican telecommunications corporation owned by billionaire Carlos Slim, posted a net loss of MX 11.295 billion (US$ 609 million) for the fourth quarter, its second straight net loss and its biggest in 16 years, as the Mexican peso depreciation against the dollar and euro lowered ...
ArcelorMittal invests US$ 1 billion in Michoacán to boost steel capacity
ArcelorMittal announced a major US$ 1 billion, three-year investment program in Mexico, focused on building ArcelorMittal Mexico’s downstream capabilities, sustaining the competitiveness of its mining operations and modernizing its existing asset base. The plan is expected to support the creation ...
Asia exports accelerating
Mexico skyrocketed its product exports to Asia after Trump's victory, making this a primary indicator of where companies might aim to diversify foreign sales. Mexico increased its Asia exports by 36.8% during November, as it is the most dynamic destination of this indicator among the five continents...
Auto exports to Latin America hike 38% during first quarter
In the first quarter of 2018, Mexico exported 75,259 light vehicles to Latin America, 38.4% more than in the same period last year, according to data from the Mexican Association of the Automotive Industry (AMIA). It is the largest increase and volume of exports to that region in the last six years....
Auto sales in Mexico fall 4.6% during 2017
Sale of new cars in Mexico ended 2017 with a 4.6% drop by selling 1.53 million light vehicles, according to figures from the Mexican Association of Auto Dealers (AMDA) and the Mexican Association of the Automotive Industry (AMIA). The three best-selling automakers ended 2017 with sale decreases. Ni...
Auto sales in Mexico will rebound after elections, says Volvo exec
Swedish automaker Volvo anticipates that 2018 will be a difficult year for the Mexican auto retail sector due to the presidential elections in July, but it is confident that the market will rebound so it has increased its investment in the country, said the company's director for Mexico in an interv...
Automotive exports from Nuevo Leon to reach more than US$ 12 billion in 2017
Automotive exports from Nuevo Leon state are expected to reach more than US$ 12 billion in 2017, with the United States as the main destination, said Manuel Montoya, director of the state Automotive Cluster, who added the figure would mean a new record high for the industry, boosted in great part by...
Automotive sector boosts Mexican manufacturing exports during May
Mexican exports totaled US$ 35.46 billion in May, a year-on-year growth of 12.9% and higher than the 4.5% increase in April. The index now accumulates double-digit growth rates in three of the first five months of the year, according to figures from the National Institute of Statistics and Geography...
Automotive sector creates the best paid jobs in 4 out of 6 Mexican regions
Human capital firm Adecco Mexico revealed that automotive salaries are among the highest compared to other sectors in four out of six regions in Mexico.  According to Adecco’s report, auto industry pays higher than others in Central (Bajio), Northeast, Western Coast and Southeast. The automotive...
Baja California - California relation strengthens both economies
From July to September 2016, Baja California had economic growth rates of 4%. Carlo Bonfante Olache, Secretary of Economic Development, informed that the State is showing strength in connection to its economic and social development and its relation with California, a State with whom great commercia...
Bancomext partners with Japan’s Mizuho bank to create line of credit
Banco de Comercio Exterior (Bancomext) announced it has signed a memorandum of understanding with Japan’s Mizuho bank for the creation of a line of credit for Japanese companies investing in Mexico. The peso-denominated line of credit would provide Japanese companies with both short and long-term...
BCP Securities: Mexico could be the unexpected star in 2017
Mexico could be the "unexpected star" of global economy, considers Walter Molano, emerging markets assessor of BCP Securities. "The unexpected star this 2017 could be Mexico, despite the rhetoric from the White House, the Mexican economy will benefit from the economic reactivation of the U.S.", cons...
Boost in Mexican exports lessens trade deficit to its lowest in three years
Mexican exports ended 2017 with an annual increase of 9.5%, representing the most significant growth since 2011. Such rise contributed to reach the smallest trade deficit in three years as shipments of manufactured goods helped offset a widening gap in the country's petroleum products trade. The co...
Boosted by gas prices, Mexican Inflation quadrupled in January
The inflation in Mexico during January 2017 quadrupled if compared to the same period of last year´s and reached 1.7%, the highest figure in the last decade, according to the National Institute of Statistics, Geography, and Informatics (INEGI). The gasoline, liquefied petroleum gas, and lemon pric...
Border Economic Forum discusses dependency between Mexico, US
Stakeholders in the Paso del Norte region discussed timely issued and economic conditions on the U.S - Mexico border.  The discussions include the importance of the binational economic dependency between both countries and the regional implications. "Mexico is our economic ally, not a thief of th...
Canadian furniture manufacturer Palliser opens its fourth plant in Mexico
Winnipeg-based Palliser Furniture announced it has opened a fourth plant in Mexico to handle two growing segments: theater seating, distributed under the label Encore by Palliser, and its entry-level, price point brand North American Furniture. The new 65,000 square-foot plant is located in Matamor...
Cementos de Chihuahua quarterly earnings hike 58% on higher sales in Mexico, US
Grupo Cementos de Chihuahua (GCC) reported a 58.4% increase in earnings to US$ 71.3 million (EBITDA) during the fourth quarter of 2017, primarily due to higher cement and concrete sales in Mexico and the U.S. as well as a 6.2% cement price increase, according to a company statement to the Mexican St...
Chilean company Arauco acquires US$ 245 million worth of assets in Mexico
Arauco, a Chilean producer of pulp, timber, construction materials and composite panels, announced the acquisition of US$ 245 million worth of assets in Mexico from its rival Grupo Masisa S.A. in order to strengthen its presence in North America. The operation, which includes three industrial compl...

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