Bloomberg - Mexico’s economy grew less than analysts expected in the first quarter, fueling bets policy makers will cut interest rates again this year. Gross domestic product in the first three months of the year rose 0.8 percent from the year-ago period.Economy & Finance
PRI to push bylaw changes for oil and tax bills
Bloomberg - Leaders of Mexico’s ruling party will propose changing its bylaws to allow taxes on food and medicine and increased private investment in the state-owned oil industry, according to one of the authors of the changes.
www.bloomberg.com/news/2013-02-22/mexico-s-pri-to-push-bylaw-changes-for-oil-and-tax-bills.html
Annual inflation up more than anticipated in early Feb.
Reuters - Mexico's annual inflation rate rose more than expected in early February, pushing investors to trim back bets that the central bank could cut interest rates in the coming months.
www.reuters.com/article/2013/02/22/mexico-economy-idUSL4N0BM5IX20130222
December retail sales dip more that anticipated
Reuters - Mexican retail sales eased more than expected in December, raising concerns about whether internal demand can buoy growth in 2013. Retail sales fell 1.8 percent from the prior month, missing expectations.
www.reuters.com/article/2013/02/21/mexico-economy-idUSL4N0BL5K420130221
Mexico's economy posts steady growth in 4th quarter
Dow Jones - Mexico maintained steady economic growth in the fourth quarter, roughly in line with expectations, as strong domestic demand offset weaker demand for exports from Latin America's second-largest economy.
online.wsj.com/article/SB10001424127887323949404578312630094950830.html
Fewer workers head north as Mexico's ag changes
Capital Press - Changes in Mexican agriculture are prompting more workers to remain south of the border, driving up competition for labor with U.S. farmers, according to a migration study by the non-profit Migration Policy Institute.
U.S. must be more reasonable, says WTO candidate
Reuters - Global trade talks are in crisis and private companies in the United States urgently need to pressure their government back to the negotiating table, said Herminio Blanco, Mexico's candidate to head the World Trade Organization.
www.reuters.com/article/2013/02/14/us-trade-wto-mexico-idUSBRE91D01A20130214
Carstens says interest rate hike is not a done deal
Reuters - Mexico's central bank governor Agustin Carstens said on Wednesday that any cut to the bank's current 4.5 percent benchmark interest rate is not a done deal and will depend upon inflation.
www.reuters.com/article/2013/02/13/mexico-centralbank-rates-idUSE1N09A00Z20130213
Ruling party offers light touch on growing state debt
Reuters - Mexico's ruling party submitted a bill to limit the growth of state debt through a voluntary framework that falls short of opposition demands for direct regulation by the Senate.
December industrial output slumps most since 2009
Reuters - Mexican industrial production unexpectedly slumped in December by the most since a deep recession four years ago as factories and builders slowed, bolstering bets that the central bank could cut interest rates.
www.reuters.com/article/2013/02/11/mexico-economy-idUSL1N0BB5FN20130211
High-tech manufacturing is driving Mexico's growth
The Pri's World - Until recently, Mexico’s economy was based on low-paying, labor-intensive industries. But now, Mexico is growing big-time in better-paying industries, like autos, aerospace, and technology, which require better-educated workers.
