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
Last-minute casino permits raise questions
McClatchy Newspapers - Even as outgoing President Felipe Calderon began the process of turning over his office to his successor, his administration was working into the wee hours to hand a jackpot to two of Mexico’s most controversial casino operators.
www.miamiherald.com/2013/01/17/3187791/in-mexico-last-minute-casino-permits.html
U.S. economic delegation traveling to Mexico
U.S. Department of State - A U.S. delegation will travel to Mexico City Jan. 22-24 to discuss further strengthening the U.S.-Mexico bilateral economic relationship and increasing trade and the creation of jobs in both countries.
Mexico assesses impact of avian flu outbreak
World Poultry - In Mexico, the recent outbreak of HPAI on layer farms in Aguascalientes raises questions as to how the market will react and if there will be any influence on domestic egg and poultry prices.
Mexico seeks to limit local government loans
Dow Jones - Mexico's federal government might limit the amount of debt and the size of deficits that states and municipalities accumulate, as local debt levels have doubled in recent years and a handful of governments have defaulted on debt payments.
www.foxbusiness.com/news/2013/01/18/mexico-seeks-to-limit-amount-local-governments-may-borrow/
Central bank seen throwing out rate hike threat
Reuters - Mexico's central bank is likely to hold borrowing costs steady on Friday after inflation cooled in December back into policymakers' comfort zone, giving them room to pull back from a threat to hike interest rates.
www.reuters.com/article/2013/01/18/mexico-economy-idUSL1E9CHIU620130118
S&P says proposed reforms could boost ratings
Reuters - A raft of reforms proposed by Mexico's new president Enrique Pena Nieto could help the country raise its BBB sovereign debt rating, an S&P official said on Thursday.
www.reuters.com/article/2013/01/17/mexico-economy-rating-idUSL1E9CH7ZH20130117
Mexico still lags in some areas of manufacturing
Quartz - Mexico is becoming a favorite for manufacturers, but despite above-average growth, there’s still a lot of ground to make up for Mexico when it comes to finding economic advantages over competitors like China, Indonesia and Costa Rica.
qz.com/42938/why-airline-loyalty-schemes-make-being-loyal-incredibly-hard/
November industrial production rise moderates
Nasdaq - Mexico's industrial production probably rose less in November than the average for most of 2012 on signs of some cooling in the export-oriented manufacturing sector, analysts said.
Consumer confidence jumps in December
Nasdaq - Consumer confidence in Mexico rose more than expected in December, reaching its highest level in nearly five years as consumers were more optimistic about the current economic situation and the outlook for the coming year.
www.nasdaq.com/article/mexicos-consumer-confidence-jumps-in-december-20130108-00725#.UOxfBXeAqSo
Inflation seen ending 2012 in Central Bank range
4-Traders - Mexican consumer prices probably rose at a slower pace in December, bringing the annual rate back within the central bank's target range after an inflation scare over the summer prompted policymakers to warn of possible interest rate hikes.
www.4-traders.com/news/Mexico-s-Inflation-Seen-Ending-2012-in-Central-Bank-s-Range--15759422/
