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Manufacturing Economic Expectations February 2024
April 1, 2024
- The physical volume of production increased with respect to the preceding month and reached 53.1 points.
- Exports reached 51.1 points, reaching the expansion threshold, but imports continued their third month below the expansion threshold. imports continued their third month below the expansion threshold at 49.3 points. expansion at 49.3 points.
Manufacturing in Nuevo León continued to accelerate during February, based on CAINTRA's economic expectations indicator. CAINTRA's economic expectations indicator. For the second month of the year, all indicators showed expansion, except for imports. indicators showed expansion, with the exception of imports.
In greater detail, the physical volume of production increased with respect to the previous month and reached 53.1 points. 53.1 points. Similarly, the inventories index increased by 2 points and positioned itself above the expansion threshold at 53.8 points. above the expansion threshold at 53.8 points, making it 14 consecutive months of expansion. expansion.
Following the trend, the new orders and capacity utilization indices also showed expansion for the second consecutive month above the threshold. expansion for the second consecutive month above the threshold. Specifically, the new orders orders scored 51.2 points, while the capacity utilization index scored 53.9 points.
This increased activity in the industry was reflected in the generation of jobs, where the indicator for the number of workers increased by 3 units with respect to the previous month, reaching 53.7 million. number of workers increased by 3 units with respect to the previous month, reaching 53.7 points. points.
In foreign trade, exports crossed the expansion threshold and reached 51.1 points. 51.1 points. However, imports continued their third month below the expansion threshold at 49.3 points. expansion at 49.3 points.
With respect to price indicators, both registered a decrease with respect to the previous month. previous month. The product price indicator reached 54.7 points, while the raw material price indicator reached 59.3 points. indicator stood at 59.3 points.
In the same vein, the percentage of companies that reported raw material inflation as an obstacle to their operations dropped for the fourth consecutive month, affecting 171 This was the fourth consecutive month of decline, affecting 17% of companies. companies.
In terms of the main obstacles for companies, the shortage of trained personnel continues to be the most frequently mentioned factor, with a slight decrease from the previous month. the most mentioned factor, with a slight decrease compared to the previous month, with 34.7% of the responses. 34.7% of the responses. There is coordination with the State Government to generate training and labor inclusion opportunities for young people. opportunities for training and labor inclusion for young people in higher secondary education. On the other hand, the political On the other hand, the political landscape factor was mentioned by nearly 31% of the companies as an element that affected their performance. that affected their performance.
Transportation logistics, insecurity, lower external demand, and weak economic activity were all factors that affected economic activity were factors that individually negatively affected around 1 out of every 5 companies. every 5 companies.
Finally, 34% of companies made some investment in machinery and equipment, the highest figure for a February since 2014. for a February since 2014.

CAINTRA NUEVO LEÓN