By MARK LORENZANA In the second quarter of this year, outflow of capital from Mexico totaled $5.74 billion, a figure 88.9 percent higher than the previous quarter. For the ninth consecutive quarter, the country has registered capital flight, according to figures from the Central Bank of Mexico (Banxico). Gabriela Siller, director of economic analysis at Banco Base, explained that the covid-19 pandemic
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By MARK LORENZANA Foreign direct Investment (FDI) in Mexico had a strong annual growth of 49.2 percent in the first half of this year, helping the country accumulate $27.5 billion, according to preliminary figures from Mexico’s Economy Secretariat. According to a statement by the Secretariat of the Economy, the figure reflects “extraordinary movements, related to the merger of Televisa with
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By THE PULSE NEWS MEXICO STAFF Although Mexico exports crude oil, it is a net importer of carbon-based fuel, meaning that it imports more oil products than it imports. Consequently, the surging price of international oil, and by extension, all oil-based products, such as gasoline, will negatively impact Mexico’s finances, Janneth Quiroz Zamora, deputy director of economic analysis at the
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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 is seeing a slow recovery in employment levels after the gradual reopening of businesses that were closed due to the novel coronavirus (covid-19) pandemic, the National Institute of Statistics and Geography (Inegi) reported on Wednesday, Oct. 22. Unemployment rates among Mexico’s Economically Active Population (EAP) fell to 5.1 percent in September, from the 5.2 percent that was recorded
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XINHUA Mexico incorporated 1.5 million more citizens into the economically active population (PEA) in July as a result of the gradual reopening of businesses closed due to the covid-19 pandemic, the National Institute of Statistics and Geography (Inegi) reported on Thursday, Sept. 3. The Inegi National Survey on Occupation and Employment (ENOE) showed that the PEA reached 52.6 million in
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