Mexico Annual Inflation Slows in September

Mexico inflation climbed less than expected in the first half of September, allowing Banxico to lower borrowing rates. Compared with the 0.36 percent rise that analysts expected, the consumer price index was 0.15 percent lower than expected. The annual inflation rate slowed to 3.16 percent through the first half of September.

Mexico's Booming Garment Manufacturing Industry

Did you know that not only is Mexico a leader in the automobile and aerospace engineering and manufacturing industries, but in the textile manufacturing business as well? According to data from Banxico (Banco de Mexico), the Mexican Chamber of Garments Industry, and Camara Nacional de la Industria del Vestido (Canaive), sales of clothing garments made in Mexico abroad are assisting national production levels from falling. Banxico’s data reveals that exports have started growing over the past 2 years; in the first half of 2010 they grew 5.3% and from January to June 2011 growth was 7.8%.