The Ministry of Sustainable Development (SEDESU) reports that, according to information from the National Institute of Statistics and Geography (INEGI), during 2022 the manufacturing industry accumulated a total of 465 thousand 351 million pesos, a figure that represents an increase of 14.2 percent, compared to what was obtained in 2021.
The manufacture of transportation equipment was the…
The country's capital was the main consumer of hybrid and electric vehicles in Mexico at the end of 2021, since of the 47,079 units sold with these technologies in the January-December period last year, 23.5% were sold in the CDMX, according to figures published by the Mexican Association of the Automotive Industry (AMIA).
Based on the Administrative Registry of the Automotive Industry of Light…
According to INEGI figures, in 2021, Mexico produced a total of 2,979,276 light vehicles and according to forecasts from various firms and statistical sites such as IHS Markit and Statista, in 2022 production could increase to between 3.1 and 3.4 million units, depending on market movement and the development of the global semiconductor supply crisis, which is still expected to continue…
February was a month of mixed results for the automotive industry, on the one hand, with an increase in domestic production, but also a continued drop in exports, Inegi reported on Friday.
In the second month of the year, 240,479 vehicles were manufactured in the country, which represented an increase of only 0.66 percent with respect to the same period last year, thus reversing a seven-month…
According to data from the INEGI (National Institute of Statistics and Geography), the manufacturing industry proved to be the most resilient and dynamic sector of Mexico’s economy. Though still below pre-pandemic levels, the monthly indicator of industrial activity has been steadily growing for the past 10 months now. The manufacturing sector grew, in March 2021 (last available data…
MEXICO CITY - In July of this year, Gross Fixed Investment in Mexico, which represents expenditures made on machinery and equipment of domestic and imported origin, as well as construction, fell 0.4 percent compared to the same month in 2012, its third annual rate decline.
The National Institute of Statistics and Geography (INEGI) informed that this result was due to the reduction of 6.6…
MEXICO CITY - The metal-mechanic industry includes everything from screw manufacturers to equipment producers, and the National Chamber of the Transformation Industry (Canacintra) is seeking to boost this sector through certifications, greater linkage and technification of production plants, explained Pablo Alberto Briseño Alonso, liaison president of the metal-mechanic branch of the business…
In Mexico, spending by companies on capital goods and infrastructure grew 4.6% at an annual rate in January, above analysts' forecasts, which could be stimulated in February and March due to the lower cost of imported machinery as a result of a strong exchange rate.
Alejandro Cervantes, an analyst at Banorte-Ixe, stated that " investment in machinery and equipment will most likely present a…