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In this Presentation, we explain how geopolitics is becoming a key economic driver in the change of global value chains and the opportunities this brings to Mexican manufacturing production as well as exploring the regional investment opportunities in the country.
The BBVA Multidimensional Manufacturing Indicator fell (-)2.0% in September, bringing the average annual variation of the first nine months of the year to 1.0% (vs. 4.9% in the same period of the previous year).
On October 11, the Mexican government published in the Official Gazette (DOF) a decree granting tax incentives to key sectors of the export industry such as the immediate deduction of the investment in new fixed assets and additional deductions…
The BBVA Multidimensional Manufacturing Indicator fell (-)0.9% YoY in August, bringing the average annual change of the first eight months of the year to 1.6%.
The BBVA Multidimensional Manufacturing Indicator falls for the second consecutive month, with a variation of (-)1.2% YoY in July; with this data, the average year-on-year variation for the first seven months of the year amounts to 1.3%, 2.9 pp…
The BBVA Manufacturing Multidimensional Indicator (BBVA MMI) fell (-)1.2% YoY in June, the first contraction since February 2021.
The BBVA Manufacturing Multidimensional Indicator grew 2.1% in May (YoY), taking the average year-on-year variation for the first two months of 2Q23 to 2.7%, 0.6 pp below the average registered in the same period of the previous quarter.
The BBVA Multidimensional Manufacturing Indicator (BBVA MMI) grew 0.8% in April (YoY), the same figure registered in March, and 1.6 pp below the average reported in 1Q23.
The BBVA Multidimensional Manufacturing Indicator grew 3.1% in March (YoY), taking the average year-on-year variation for 1Q23 to 3.9%, 0.8 pp below the 4Q22 mean
The February figure (2.0% YoY) is the lowest since the end of 2021 and suggests a turning point for manufacturing this year, given the gradual deceleration in external demand.
The BBVA Manufacturing Multidimensional Indicator grew 4.1% in January (YoY), bringing the average year-on-year variation of the last three months to 3.5%, 1.2 pp below the quarterly average observed at the end of 2022
The BBVA Manufacturing Multidimensional Indicator grew 4.2% in November (YoY), 4.2 pp below the previous month; the figure represents the lowest since March 2022 and marks a turning point after the recovery period that the sector showed in the first three quarters of the year.
