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 Just as the nation passed the 100,000 covid death milestone, Mexican President Andrés Manuel López Obrador (AMLO) on Friday, Nov. 20, assured his followers that his administration has the coronavirus pandemic “well in hand.” “We have managed to control the spread of the novel coronavirus at the most difficult moment,” he said during his daily morning press conference, when
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XINHUA Mexican financial authorities announced on Friday, Nov. 20, that the country has maintained the necessary criteria for access to the Flexible Credit Line it has with the International Monetary Fund (IMF), as the economy has shown “resilience” despite the covid-19 pandemic. The Mexican Foreign Exchange Commission reported that the IMF’s executive board completed the midterm review of the country’s
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XINHUA Intentional homicides in Mexico rose slightly in October compared to the previous month, Undersecretary of Public Security Ricardo Mejia said Thursday, Nov. 19. Mexico registered 2,944 intentional homicides in October, 211 more than in September, Mejia said at a press conference, presenting a monthly security report. However, the Mexican government’s strategy to contain violent crime appears to be working,
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XINHUA Mexico’s economically active population (EAP) dwindled by 3.6 million people in the third quarter of 2020, mainly due to the impact of the covid-19 pandemic on the services sector, the National Institute of Statistics and Geography (Inegi) said on Tuesday, Nov. 17. According to the agency’s National Occupation and Employment Survey (ENOE), Mexico’s EAP registered less than 53.8 million
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A tanker truck transporting liquefied gas exploded in the west Mexican state of Nayarit in the early morning on Monday, Nov. 16, killing at least 13 people, local officials said. According to a report from the Nayarit Attorney General’s Office, the double-tanker truck crashed and exploded along the highway linking the state capital Tepic with Guadalajara, in the western state
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XINHUA Aas of Saturday, Nov. 14, Mexico had reported more than 1 million confirmed cases of covid-19 infections, the country’s Health Secretariat said. With at least 5,860 new novel coronavirus cases in the past 24 hours, the country’s totll number of confirmed cases Saturday was 1,003,253, the secretariat said. Meanwhile, 635 more deaths were reported that day, bringing the death
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XINHUA German automotive manufacturer Volkswagen (VW) will invest $233.5 million to expand its engine plant in the central Mexican state of Guanajuato, in a bid to boost production capacity aimed at the North American market, the company announced on Thursday, Nov. 12. Added capacity will be used to manufacture the new EA211 turbo-charged engine at the VW plant in Silao,
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XINHUA Industrial activity in Mexico showed no variation in September compared to the previous month, largely affected by a drop in construction, the National Institute of Statistics and Geography (Inegi) said Wednesday, Nov. 11. This was the worst performance for September since the index rebounded 18.4 percent in June, after the country began to reactivate some economic activities that had
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