Economy & Finance
Reuters - Mexico's manufacturing sector stagnated in September, underscoring weak growth after a slump this year at the factories of Latin America's second-biggest economy, a survey showed on Tuesday.
McClatchy - Why are Mexican migrants living in the United States sending less money home to their relatives? If you believe it is because of the economic slowdown, you are partly right. But experts identify other reasons.
El Economista - Experts consulted by the Bank of Mexico say the outlook for the country's economy is more severe than the federal government predicts. Analysts slashed to 1.43 percent growth expectations for this year from 1.78 percent.
Bloomberg - Mexico’s peso fell this quarter as President Enrique Pena Nieto’s push to bolster growth through legal reforms failed to overshadow concern about the U.S. economy and the Federal Reserve’s monetary stimulus.
Reuters - Severe flooding that hit Mexico this month is likely to knock off about 0.1 percentage point from growth in 2013, with reconstruction efforts in the final quarter helping to dampen the impact, Finance Minister Luis Videgaray said on Friday.
Reuters - A slowdown in Mexico's economy, which contracted in the second quarter, is temporary, Central Bank Governor Agustin Carstens said on Tuesday, forecasting growth would recover to levels of around 3 percent in 2014.
El Economista - The Federal Executive issued a decree by which gives various tax benefits to taxpayers affected by the recent rains, with the aim of contributing to the revival of the production plant and preserve sources of employment.
Reuters - Mexico's seasonally adjusted jobless rate fell to 4.78 percent in August, its lowest since February. Latin America's No. 2 economy has stumbled this year amid slack U.S. demand for local exports and a drop in domestic construction.
Financial Times - Mexico has hedged its oil production for the coming year at the highest price on record, in a striking indication of how stubbornly high oil prices continue to allow producing governments to finance growing budgets.
Reuters - The U.S. Federal Reserve's decision to keep its stimulus unchanged on Wednesday, due to concerns about the health of the U.S. economy, deepened bets that Mexico will further cut interest rates to spur growth.