A couple of days ago, the Bank of Mexico (Banxico) released the data on remittances that arrived in Mexico during November 2023, which showed a decrease compared to those registered in October. When reviewing the data from the central bank, in the penultimate month of the year there is usually a lower sending of remittances […]
Guerrero, Tabasco and Durango lose 4.9 thousand jobs
The behavior of formal employment last year was not as favorable as expected. Of the 32 entities in the country, Guerrero, Tabasco and Durango reported a loss of 4.9 thousand jobs, according to the number of positions assigned to the IMSS. Guerrero registered the largest contraction in its workforce, with an annual drop of 1.7% […]
Why remittances to Mexico slowed down and what would be their impact on the economy
After the monthly decline of 4.7%, analysts consider that it was a matter of time for the soft landing of the US economy to be reflected in the shipments made by the countrymen From April to October 2023, remittances to Mexico exceeded the figure of 5 billion dollars (mdd) monthly, however, that streak was interrupted […]
We start 2024 with a gasoline price hike up to $29.99 in some areas of Mexico
According to the Mexican Ministry of Finance and Public Credit (SHCP), during the first week of January, from January 1 to 5, there are no fiscal stimuli for magna, premium or diesel gasoline. So, what will be the price of gasoline in these first days of 2024? Hold on, first we tell you how much […]
Mexico issues 7.5 billion dollars in debt and becomes the largest global issuer among its peers
The Ministry of Finance confirms that the country is now “the largest sovereign issuer with a BBB rating globally” The Ministry of Finance and Public Credit (SHCP) of Mexico announced on Tuesday night that it made its “largest debt placement in recent history” in international markets. The country placed 7.5 billion dollars in sovereign bonds […]
Nearshoring boosts development in small cities, says Érick Brunet
The executive of the real estate firm Newmark said that there is a growth and absorption of industrial spaces in Ciudad Juárez, Saltillo, Nava, Monclova and La Laguna. Nearshoring has not only brought greater demand for industrial spaces, but also has boosted the development of secondary markets (other cities that were not listed) to serve […]
Closing of crossings in Texas interrupts trade between Mexico and the US: Concamin
The Confederation of Industrial Chambers (Concamin) warned that the temporary closure of the rail border crossings of Eagle Pass and El Paso, Texas, interrupts the commercial relations of Mexico and the United States and contravenes the USMCA. There is concern about the unilateral decision by the United States Customs and Border Protection (CBP) to temporarily […]
Mexico is heading to supply 50% of US auto parts purchases: INA
As of the third quarter of the year, Mexico has expanded its advantage as the leading supplier of automotive components to the neighboring market, supplying 43% of the US needs, a gain of 3.7 points compared to the level at the end of 2022. Mexico not only became the main supplier of auto parts for […]
How much does a gas station dispatcher earn in Mexico? This is the salary offered by Pemex, Shell, BP and G500
Tips and commissions are not included in the salaries of thousands of workers in the country The issue of salaries in Mexico has become a trend in recent days, especially after President Andrés Manuel López Obrador announced that there will be a 20% increase in that area. According to the platform specialized in job search […]
Why are cities in Latin America getting more expensive?
TWO REGIONS stood out in this year’s Worldwide Cost of Living survey by EIU, our sister company. Europe had some of the most expensive cities in the world: Zurich came joint first with Singapore, and western European cities occupied ten of the top 20 spots. But the biggest climbers of any region were cities in […]