economy-featured

economy-featured

Lower house approves diluted version of labor reform

Reuters - Mexico's lower house of Congress, in a show of cooperation between the outgoing and incoming administrations, on Friday gave provisional approval to a bill that would mark the biggest shake-up of the country's labor market in four decades.

www.reuters.com/article/2012/09/28/us-mexico-reform-idUSBRE88R1K520120928

July economic activity up 4.7% from a year ago

Nasdaq - Economic activity in Mexico rose in July from a year ago, and was higher than in June, as both industrial output and services kept the economy advancing at a steady pace going into the third quarter of the year.

www.nasdaq.com/article/mexicos-july-economic-activity-up-47-from-a-year-ago-20120925-00583

Central bank's tough inflation stance is minority view

Reuters - The Bank of Mexico's shift toward suggesting a possible hike in interest rates was driven by a minority on the central bank board, with the majority leaning toward steady rates as they eye deepening risks to growth.

www.reuters.com/article/2012/09/21/us-mexico-economy-idUSBRE88K13O20120921

August unemployment 5.4% versus 5.8% year before

Nasdaq - Unemployment in Mexico crept up in August from July, but remained well below its year-earlier level, the National Statistics Institute, or Inegi, said Friday. Unemployment among the country's roughly 50 million workers was 5.4 percent last month.

www.nasdaq.com/article/mexicos-august-unemployment-54-versus-58-year-before-20120921-00310

Mexico says economy to grow 3.4 to 4% in 2012, 2013

Reuters - Mexico's finance minister predicted growth of between 3.5 percent and 4 percent for Latin America's second-largest economy both this year and next, so long as there are no severe setbacks in the global economy.

in.reuters.com/article/2012/09/20/mexico-economy-idINL1E8KK0CL20120920

Tax expert says Mexico needs to boost rate by 6%

Reuters - Mexico needs to raise its tax take by at least 6 percentage points of GDP - or about $72 billion a year - to fund the incoming president's spending plans, a senior tax expert with links to the federal government said.

in.reuters.com/article/2012/09/13/mexico-taxes-idINL1E8KDFIU20120913

22.3 million birds slaughtered to prevent spread of flu

EFE - Mexico's poultry farmers slaughtered 22.3 million birds between June and August to contain an outbreak of avian flu, and they immunized 140 million other birds, the National Food Health, Safety and Quality Service, or Senasica, said.

latino.foxnews.com/latino/health/2012/09/12/mexico-slaughters-223-mn-birds-to-prevent-spread-flu/

Mexican middle class boosting sales of U.S. imports

Washington Post - Trade between the United States and Mexico is surging, up 17 percent in 2011 to a record $461 billion, as a growing Mexican middle class is buying more U.S. goods than ever.

seattletimes.com/html/businesstechnology/2019119008_mexicoamericana11.html

Analysts raise Mexico 2012 inflation view

Reuters - Analysts following Mexico's economy raised their forecast for inflation this year for the third month in a row, the central bank said on Monday in a monthly poll of economists, banks and brokerages.

in.reuters.com/article/2012/09/03/mexico-economy-idINE1E8HM00Z20120903

Consumers drive aggressive credit expansion

Nasdaq - Consumer lending drove credit growth in Mexico during July. Mexican commercial banks had 2.17 trillion pesos ($164 billion) in outstanding credit to private-sector entities as of July, up 10.2 percent on the year.

www.nasdaq.com/article/mexican-consumers-drive-aggressive-credit-expansion-in-mexico-20120831-00373

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