By RICARDO CASTILLO Political Lockup No sooner had Mexican President Andrés Manuel López Obrador (AMLO) backed down Friday, Jan. 22, on permitting states government and private businesses to purchase anti-covid vaccines, then the 10 governors belonging to the opposition group Federalist Alliance (AF) fired back, complaining that AMLO’s change of mind had come “too late.” “The authorization to join this
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By RICARDO CASTILLO Ebrard and Sullivan Talk Migration A new era in Mexican-U.S. diplomatic relations began Wednesday, Jan. 6, with a video conference between Foreign Relations Secretary (SRE) Marcelo Ebrard Casaubón and President-elect Joe Biden’s National Security spokesman, Jake Sullivan. Both agreed that the most important issue in a new bilateral agenda is to collaborate in order to have a
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XINHUA Mexico registered a record trade surplus of $6.224 billion in October, amid a rebound in exports, mainly to the United States, the National Institute of Statistics and Geography (Inegi) reported on Friday, Nov. 27. Exports in October totaled $41.945 billion, a year-on-year increase of 2.9 percent, underpinned by non-oil exports, the autonomous statistics agency said in a report. However,
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XINHUA Mexico’s economy faces an environment of uncertainty and risks, mainly due to the possibility of a second wave of novel coronavirus (covid-19) outbreaks, the governing board of the central Bank of Mexico (Banxico) said on Thursday, Nov. 26. In the recently released minutes of a Nov. 12 monetary policy meeting, the majority of the board’s five members said they
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XINHUA In the wake of the novel coronavirus pandemic, Mexico’s economic recovery has been “asymmetric,” with export-driven manufacturing bouncing back stronger than retail trade and services for the domestic market, the Mexican Institute of Finance Executives (IMEF) said on Monday, Nov. 2. The IMEF’s manufacturing indicator rose 3.2 points in October compared to the previous month, to reach 50.1, indicating
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XINHUA Mexico’s exports grew by 4.88 percent in August compared to July, marking the third month in a row of growth after dropping due to the novel coronavirus (covid-19) pandemic, the National Institute of Statistics and Geography (Inegi) said on Monday, Sept. 28. Exports totaled $37.047 billion in August compared to $35.324 billion the previous month, according to seasonally adjusted
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By RICARDO CASTILLO Economic Skid Two of the basic economic indicators, demand and supply, plunged down by 19.4 percent in comparison to the same period last year, according to a quarterly report from the Mexican government official pollster, the National Institute of Geography and Statistic (Inegi). The figures reflect statistics both for home and industry, which had been stable since
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XINHUA Vehicle production in Mexico fell by 13.15 percent in August compared to the same period last year, while exports fell 8.59 percent in the same period year-on-year, the National Institute of Statistics and Geography (Inegi) reported on Friday, Sept. 4. According to the Inegi, Mexico manufactured 293,463 vehicles in August of this year, with 257,610 destined for foreign markets.
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XINHUA Mexico’s exports grew by 9.81 percent in July compared to June, mainly driven by vehicle exports to the United States, the National Institute of Statistics and Geography (Inegi) said on Thursday, Aug. 27. The total value of exports amounted to $34.847 billion in July, representing the second consecutive month of growth after dropping in April and May due to
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By THE PULSE NEWS MEXICO STAFF The export of Mexican goods to the United States dropped by more than 48 percent in April, to just $15.823 billion, due to the economic slowdown provoked by the global covid-19 pandemic, according to the U.S. Census Bureau. This figure represents the lowest flow of Mexican goods northward since records first began to be
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