Another Daimler Supplier Starts Manufacturing in Mexico

More suppliers of Daimler Trucks’ are arriving to Derramadero; the official kickoff of the company TSCO (Tubes Specialities Company), which produces exhaust pipes for these trucks, brings to eleven the number of companies operating at Alianza industrial Park. Even if he would not disclose the amount of the investment or the number of jobs in this plant, Arnoldo Saucedo Davila, Government and Institutional Relations, Alianza Industrial Park, informed that three weeks ago this company started operations, even if the official inauguration will be held today. He pointed-out that Alianza Industrial Park currently has 10 companies established in 14 or 15 buildings, which are generating, all together, between 800 and 1,000 jobs, while the new plant will be the eleventh to operate in this industrial park.

Volaris Airline Introduces Direct Flights Between Mexico and U.S.

The Mexican and U.S. governments have recently approved direct flights between Mexico City, Los Angeles and Las Vegas as well as flights between Monterrey and Chicago. According to an article by Milenio, a Mexican newspaper, the Mexican airline Volaris will be operating these direct flight routes. In 2011, Volaris has increased the amount of flights it offers between the two countries by virtually 50% percent.

Mexico Among Group of New Emerging Economies

Here's an article I found on Mexicotoday.org that talks about what I posted last week on the fact that now Mexico is considering one of the latest in a new group of emerging economies: MIST (Mexico, Indonesia, South Korea and Turkey). I'd love to hear your comments on this.

Mexico Outdoes Canada in Automobile Production

Latest news from maquilaportal.com has says that Mexico has outdone Canada in terms of production of automobiles and light trucks, in between 2008 and 2010. Last year 2,262,164 units were assembled, a number that is higher than Canada’s production total. "This year, if the shadow of the recession in the USA does not affect original plans, the record could be broken, mainly with expansion plans by Nissan, GM, VW and Chrysler."

Top Ten New "BRIC" Countries

According to this article, the unexpected and dramatic development of the way that the global economy works after the 2008-2009 recession has "not been due to the vigour of the Chinese economy or the BRIC (Brazil, Russia, India, China) economies as a whole, but the emergence of a major new force in the global economy - the 10 middle-income emergent countries."

Click here to read more on which are the new emerging economies worldwide and how this could affect the way you see your personal investing.

New Emerging Economies to Enter BRIC term?

Jim O’Neill, the chairman of Goldman Sachs Asset Management, who coined the term BRIC to describe a group of emerging economies that comprises Brazil, Russia, India and China, said he planned to redefine growing markets and will explain the new approach to clients this month, the Financial Times reported. Read which countries he expects to include, here.

Analysis of U.S. Economy: Debt Ceiling

Via the Financial Times, here is a video that gives us a good idea of how economic analysts predict the conclusion of the debt ceiling talks before August 2nd and how it can potentially affect the rest of the world economy.

Mexico Credit Update - July 14th, 2011 -

It was reported yesterday that investor interest in Mexican government bills is jumping from a 16-month low due to speculation that a rebound in the U.S. economy will cause a rise in the peso.

The central bank said on its website that Cetes, as the 91-day securities are known, drew bids of 24.6 billion pesos ($2.1 billion), or 3.8 times the 6.5 billion pesos offered in yesterday’s auction.
Read more about how this insight could change your investment decisions.

Consumer Confidence Up in Mexico for June

Mexico's population grew increasingly confident in terms of spending this past June. It was released on Tuesday by the national statistics agency that Mexico's consumer confidence index rose to 91.9 in June (when adjusted for seasonal factors). Analysts polled by Reuters expected June data to reflect 90.7.

Although consumer confidence hasn't risen much since the recession, the good news is investors predict that interest rates will remain steady until April 2012.

Read more on the positive impact this could have on the Mexican economy.

Despite Violence, Juarez Economy is Booming | México Today

Despite Violence, Juarez Economy is Booming | México Today

Recently, MexicoToday.org highlighted Juarez, one of the cities on the U.S.-Mexico border leading the way for the Mexican economy. According to Bob Cook, the president of the El Paso Regional Economic Development Corporation (REDCO), “What we see happening in Juárez right now is a city of competing realities. We have this mostly cartel-related violence taking place, but interestingly, while that is happening, Juárez is leading Mexico in almost every industrial indicator, in terms of new jobs and investment."

While the media focuses on portraying a single view of Mexico, the reality is that investment opportunities are at an all-time high and the Mexican economy is seeing continued growth.

Home Sales Fall in U.S.

Home sales fell 3.8 percent in the month of May to a seasonally adjusted annual rate of 4.81 million homes, the National Association of Realtors said today - which is far below the usual 6 million annual sales rate that's the norm in a healthy housing market.

Since the burst of the housing bubble in 2006, annual rates have fallen four times in the past five years. Sales are expected to level off at about 5 million a year, analysts say. The figure comes too close to 4.91 million homes sold in 2010, the worst sales rate in the past 13 years.

The depressed housing market has weighed on the broader economy. Declining home prices have kept people from selling their houses and moving to find jobs in growing areas. They have also made people feel less wealthy. That has reduced consumer spending, which drives about 70 percent of economic activity.

Read more here.