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
- Topic Tags
- 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
- Topic Tags
- 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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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 both cases, we estimate that in 2024 both sectors will reverse the trends
- Geography Tags
- Mexico
- Topic Tags
- Regional Analysis Mexico
- Real Estate
- Global Economy
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While members continued to state that “the disinflation process is expected to continue,” the stickiness of core services inflation drove Banxico to revise up its inflation forecasts after considering that “inflationary shocks are foreseen to take longer to dissipate.”
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- Mexico
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- Central Banks
- Financial Markets
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The saving rate in Colombia transitioned from satisfactory levels to finance investment and long-term growth at the end of the first decade of this century and the beginning of the second, to a level that is among the lowest in the world and in its history by 2023: this is the main cause of the current low investment.
- Geography Tags
- Global
- Latin America
- Colombia
- Topic Tags
- Sustainable Development
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Foreign currency adjusted weekly credit growth decelerated to 0.5% on the week ending at May 3rd following the strong increase of 1.5% in the previous week. This is due to both commercial and consumer credits in the whole sector. Total credits’…
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In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.
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- Financial Regulation
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Without major surprise, in May the Central Bank cut once again its policy rate by 25bp, bringing it to 5,75%. We estimate that from now on the monetary normalisation process will unfold more gradually, closely following the behaviour of core in…
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- Latin America
- Peru
- Topic Tags
- Central Banks
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