MND_BUSINESS
Peso depreciates the morning after Mexico’s elections
Investors perceived greater risk in Mexico as preliminary election results indicate the Morena party sweeping not just the presidency, but also Congress.
Land used for avocado farming in Mexico has more than tripled...
Increasing demand for the "green gold" fruit has made avocado farming big business in Mexico, but it's also meant some hefty costs.
Is the Tesla gigafactory in Mexico still happening? Nuevo León official...
Construction on the EV plant has yet to begin, but Nuevo León's Economy Minister says Tesla is definitely still coming to Mexico.
Peso depreciates against US dollar ahead of Mexico’s elections
The peso weakened on Wednesday, nearing 17 to the US dollar, as markets await the outcome of the country's elections on Sunday.
Microsoft opens new data center region in Querétaro
Now operational, Microsoft’s new Hyperscale Cloud Data Center Region is the first of its kind in Spanish-speaking Latin America.
Auto sector growth pushes April export earnings up 11% over last year
Strong manufacturing and agricultural exports helped Mexico achieve export earnings of nearly US $200 billion in the first four months of the year.
Agricultural and service sectors drive March economic growth in Mexico
While March showed solid growth in annual terms, INEGI reports that Mexico's annual growth rate over the first quarter of 2024 was just 1.9%.
Survey: Mexican workers take the shortest vacation time in Latin America
Despite a recent law granting Mexican workers the right to 12 paid vacation days per year, Mexicans still average taking 6 days off.
Inflation continues uphill climb in first half of May
The increase in the annual headline rate in the first half of the month may make the Bank of Mexico hesitate on another rate cut in June.
4 economic forecasts for Mexico from Citibanamex’s 30-bank survey
GDP growth, inflation and interest rate predictions were similar among those surveyed, but USD:MXN exchange rate forecasts had a wider range.
Study ranks Mexico’s most and least competitive states for business
Mexico City again ranked the highest in 2024, with states in the southern region including Guerrero, Oaxaca and Chiapas among the least competitive.
Is Mexico getting too expensive too fast?
Mexico News Daily CEO Travis Bembenek explains how increased wages without increased productivity can cause serious problems for businesses.
Nestlé Purina to invest US $225M in Guanajuato
The new investment is intended to significantly enhance the company’s production in Mexico, its fourth-largest market in the world.
Foreign direct investment in Mexico hits historic high in first quarter
Foreign investment in Mexico was $20.3B in Q1, an increase of almost $1.7B compared to the same period last year, the Economy Ministry says.
Could Mexican exports be affected by new US tariffs on China? ‘Stay tuned’ says USTR
The Biden administration toughened up tariffs on Chinese imports on Tuesday, which could bring both future complications and benefits for Mexico.
Hybrid and electric vehicle sales in Mexico on the rise
Electric vehicle sales in Mexico are increasing at a steady rate, even though the nation still lacks an extensive network of charging stations.
