The “pace of economic activity appears to have slowed,” while domestic demand has lost some dynamism, the central bank said in the monetary decision statement. “We don’t expect generalized price pressures in the economy,” the bank said.
Banxico, as Mexico’s central bank is known, is saying “the traditional list of domestic risks to inflation is practically clean. The risks could come from international volatility,” Luna said in a telephone interview from Mexico City.
Industrial production grew 1.4 percent in April from a year earlier -- the slowest expansion since the 0.6 percent increase posted in December 2009 -- from 4.4 percent in March, the nation’s statistics agency reported June 13.
Read the full article here.
Showing posts with label fdi mexico. Show all posts
Showing posts with label fdi mexico. Show all posts
Friday, July 8, 2011
Thursday, June 23, 2011
The Rise of Mexico's Aerospace Industry
From The Financial Times:
Aerospace is the latest technical sector to spring up in Mexico. In the last 10 years, the total of aerospace companies operating in the country has risen to 238, with exports of roughly $3.5bn a year. Annual average growth has been 20 per cent a year since 2002.
“Simply put, Mexico is becoming more competitive,” says Bruno Ferrari, the country’s economy minister.
Carlos Bello, director-general of the Mexican Federation of Aerospace Industries (Femia), says he expects exports to reach $12 billion by 2020. He also stated that he expects a rise in Mexico's place from 14th place today to one of the top 10 most important aerospace manufacturers.
Aerospace is the latest technical sector to spring up in Mexico. In the last 10 years, the total of aerospace companies operating in the country has risen to 238, with exports of roughly $3.5bn a year. Annual average growth has been 20 per cent a year since 2002.
“Simply put, Mexico is becoming more competitive,” says Bruno Ferrari, the country’s economy minister.
Carlos Bello, director-general of the Mexican Federation of Aerospace Industries (Femia), says he expects exports to reach $12 billion by 2020. He also stated that he expects a rise in Mexico's place from 14th place today to one of the top 10 most important aerospace manufacturers.
Wednesday, June 22, 2011
Made in Mexico: The New China
It's no secret that Mexico's economy is booming...but did you know that it's becoming the new China in terms of exports? Mexico's place as an emerging market is largely due to it's export industry. Mexico's share of the global export industry was 12.5% in 2010, the highest in a decade. While the perception has been that China's cheap labor and large production capabilities are greater than Mexico's, the Financial Times states that Mexico could become the U.S.'s second-largest source of imports.
What are your thoughts on the subject? Do you think Mexico is bound to become the next China? In what ways?
Please leave me your comments below :)
What are your thoughts on the subject? Do you think Mexico is bound to become the next China? In what ways?
Please leave me your comments below :)
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