MND_BUSINESS
Mexico’s exports up 7.4% despite auto sector decline
While auto sector revenue edged down 1%, the manufacturing sector on the whole posted 9% revenue growth in August, reaching US $51.7 billion.
Central bank cuts interest rate to 7.5%, lowest since May 2022
It was the 10th straight Banxico meeting that ended in a rate cut despite inflation creeping up in August.
CloudHQ announces US $4.8B plan to build 6 data centers in...
All six data centers are to be built at a single site near the state capital, just west of the Querétaro International Airport.
New economic data casts a shadow on Mexico’s recent rosy growth forecasts
Just after the IMF and OECD upgraded their growth forecasts for Mexico, new data shows the economy declined 1.2% annually in July.
Mexican business magnate buys 25% stake in Banamex ahead of planned IPO
Fernando Chico Pardo, one of the richest people in Mexico, has become the first to take Citi up on its plans to sell off Banamex.
Chinese manufacturer Intretech opens US $60M Nuevo León plant
The Chinese company chose Mexico for its first plant in the Western Hemisphere, its operations previously having been limited to China, Malaysia and Hungary.
OECD follows the IMF in lifting Mexico’s economic growth outlook for 2025
The OECD was slightly less optimistic than the IMF, predicting 0.08% growth in 2025 compared to the latter's 1.0%, but both were positive upgrades.
International Monetary Fund revises Mexico’s economic forecast upward
The IMF is now forecasting that Mexico's economy will grow 1% in 2025, an improvement over the previously predicted 0.3% contraction.
Mexico captured 24% of US import market that China lost between 2018-2024
From 2018-2024, the United States' tariff rate was 6.6 percentage points higher on imports from China, allowing Mexico to overtake the East Asian powerhouse as its top exporter.
Chinese automaker Great Wall Motors ‘is here to stay’ in Mexico, despite proposed tariff hike
The Chinese brand's Mexico arm's CEO minced no words, stressing that "our permanence in Mexico is firm and our commitment unwavering.”
Manufacturing production dips in July despite growth in exports
The industry appears to be entering a slowdown, as it faces pressure on both domestic and international fronts.
Diehl Aviation inaugurates new US $50M plant in Querétaro
Diehl's arrival not only adds to the 250-plus German companies doing business in the state, but also further enhances Querétaro's status as an aeronautics hub.
Do you want to weigh in on the upcoming USMCA negotiations? Here’s how
Mexico and the United States have invited members of the public and productive sectors to comment on issues, experiences and strategies related to North American economic security and competitiveness.
China tariffs could backfire on Mexican industry, chamber warns
The Mexico-China Chamber of Commerce and Technology is warning that if tariffs are raised on China, the country will suffer inflationary and manufacturing cost pressures.
After nearly 70 years, a 100% Mexican-made airplane is cleared for takeoff
Mexico has a thriving aeronautics industry, making everything from turbines to fuselages. But it hadn't designed and built its own aircraft since the 1950s.
Veracruz coffee growers are not impressed with the government’s instant ‘Wellness Coffee’
For one thing, instant coffee is a waste of Veracruz’s high-quality beans, some producers say.
