July 19, 2019
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The continued decline in the pace of economic activity and the risks in both commercial and economic policy have had an adverse influence on deposits of the banking system, to the point that the nominal growth of the traditional deposits during May 2019 was located at its lowest level since the end of 2013.
The permanent reduction of Pemex's tax burden and the possible additional contribution of resources to Pemex beyond 2022, should be supplemented with changes in tax policies that help keep federal government revenues relatively stable and do not risk meeting fiscal targets.
According to the IMSS data from May to June, 20,368,666 formal jobs were registered, that is, 14.2 thousand less jobs compared to the previous month, this job loss is mainly due to the reduction of more than 57 thousand temporary jobs.
Carlos Urzúa stated that the lack of support for political decisions was the reason; the reasons for his departure are more worrying than the resignation in itself.
In May 2019, the nominal annual growth of the balance of the current credit portfolio granted by commercial banks to the non-financial private sector was one digit and amounted to 9.1% (4.6% real). This growth was lower than that of the immediately previous month (10.3%) and was also lower than that of May 2018 (13.4%).
Fewer formal jobs are currently being created in the country than in recent years —and that's worrying. The growth rate of formal employment positions had remained above 4% in recent years. However, it fell to 2.5% in May.
Mortgage lending increased, with higher average amounts and a slight increase in the interest rate. In 2018, payroll loans slowed their growth rate. The Financial System Stability Council (CESF) updates its risk balance. High concentration of demand for bank mortgage loans.