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The BBVA Multidimensional Manufacturing Indicator fell (-)1.7% YoY in February, bringing the average of the annual change of the first two months of the year to (-)1.2%, 3.2 pp below that registered in the same period of the previous year.
By the end of 2023, Mexico recorded a trade deficit of 5,463 million dollars ($5.46 bn). Manufacturing leads both exports and imports. Mexico solidified its position as the leading supplier in the US market while FDI dropped slightly in 2023.
The BBVA Multidimensional Manufacturing Indicator (BBVA MMI) grew 0.3% YoY in January, pointing to modest growth in the sector given the gradual slowdown in demand for durable goods in the US.
The BBVA Multidimensional Manufacturing Indicator (BBVA MMI) grew 0.1% YoY in December, bringing the average interannual variation in 2023 to 1.2% (vs. 6.3% the previous year)
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 opportuni…
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 of labor training expenses.
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.
