Tax revenue was MXN 8,922 million (0.03% of GDP) below budget since the excise taxes on fuels intake was below budget despite its real annual increment of 195.1% in 1Q24.
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- Mexico
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- Country Risk
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The production of liquid hydrocarbons of Pemex Exploration and Production (PEP) in the first quarter of 2024 vs. the previous quarter showed a decrement of 36 thousand barrels a day mainly due to a lower production of superlight crude oil plus condensates by 29 thousand barrels a day.
- Geography Tags
- Mexico
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- Energy and Commodities
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This Observatory evaluates the factors that explain the cyclical behavior of GDP in Spain, full-time equivalent employment and productivity up to 4Q2023.
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- Spain
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- Regional Analysis Spain
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A third-in-a-row 0.4% MoM core CPI inflation reading for March following strong jobs reports added to a series of hot data that suggest a rate cut soon is off the table amid increased odds for less than three rate cuts this year.
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- Global
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- Central Banks
- ...
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- Financial Markets
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In commemoration of International Earth Day, we present an analysis of the current water situation in Mexico. This analysis highlights the geographical, sectoral, structural, and temporary characteristics that have given rise to the current wat…
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- Mexico
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- Sustainable Development
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The BBVA Multidimensional Manufacturing Indicator fell (-)1.2% YoY in March (the third consecutive drop so far this year), confirming the prolonged slowdown of the sector, given the gradual slowdown in external demand for durable goods.
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- Mexico
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- Regional Analysis Mexico
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Asian currencies accelerated their depreciating trend recently. This report aims to understand this phenomenon and assess the associated risks.
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- Regional Analysis China
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Bank performance in 2023 was affected by a lackluster macro environment, primarily due to the downturn in the property market. Bank's housing sector exposure declining, but risks from local government financial vehicles remain concerning.
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- Banks
- Regional Analysis China
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By the end of 2023, the Mexican economy grew at an annual rate of 3.2%, with an extraordinary growth of 15.6% in construction and differentiated effects at the regional level. The dynamism of services underpins growth in 2023; Wholesale and Ret…
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- Mexico
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- Regional Analysis Mexico
- ...
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- Energy and Commodities
- Automotive Industry
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At the end of 2023 we find opposite results in the Real Estate market. Construction presents historical results, growth rates well above the average in different indicators. The housing market is contracting with figures as of November 2023. In…
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- Mexico
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- Regional Analysis Mexico
- ...
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- Real Estate
- Global Economy
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Our most recent publications
Publications by geography
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Tax revenue was MXN 8,922 million (0.03% of GDP) below budget since the excise taxes on fuels intake was below budget despite its real annual increment of 195.1% in 1Q24.
- Geography Tags
- Mexico
- Topic Tags
- Country Risk
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Based on the endogenous growth model of Lucas (1988 and 1990), in this Working Paper we propose a method to measure the total contribution of human capital to the variance of GDP per capita in a large sample of countries from 1960 to 2015.
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- Global
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- Global Economy
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Social Security affiliation increased by 199,500, while unemployment declined by 60,500. Adjusted for seasonality, it's estimated that the number of contributors rose by 60,000 and the unemployed fell by 34,000. The proportion of General Regim…
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- Spain
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- Regional Analysis Spain
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Commodity prices are front and center in global economic discussions. The last two months have seen the cost of oil rise by around 10%, alongside significant volatility. This has a lot to do with the short-term chaos.
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- Energy and Commodities
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GDP continues to rise sharply. However, the data shows a growth pattern that is unlikely to be sustainable in the long term. Even so, the differential growth that the Spanish economy is showing is something to be celebrated.
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- Spain
- Topic Tags
- Regional Analysis Spain
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