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    Weak economic activity emerges as the main obstacle for Nuevo Leon's industry in May

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    June 22, 2020

    In the Survey of Economic Expectations in Nuevo León's manufacturing sector, which CAINTRA conducts each month, 66% of the participating CAINTRA conducts every month, 66% of the participating industrialists point to "weak economic activity" as the main obstacle for their activity. activity" as the main obstacle to their activity. This is the highest percentage since the survey began of the survey and reflects the low demand for their products both locally and internationally.

    The uptick in business owners pointing to weak economic activity as an obstacle has maintained an upward trend since May 2018, reflecting that this situation has been going on for years. for the industry.

    Previously, the highest percentage of business owners pointing to economic activity as a performance performance hurdle was 58% at the beginning of 2016, when international conditions were conditions were heavily affected by China's economic slowdown. At that the slower dynamism of the Chinese economy and overproduction in emerging countries, caused a sharp decline in the international demand for raw materials, however, the current economic However, current economic conditions have further impacted the industry.

    The weakening of economic activity at the international and local levels is having an enormous impact on industry in Nuevo Leon. Nuevo Leon's industry, especially SMEs, need support from the authorities in order to overcome the difficult situation they are facing. authorities in order to overcome the difficult situation they are facing. CAINTRA urges the authorities to provide the greatest facilities to the business sector for a responsible, immediate and effective economic reactivation, immediate and effective economic reactivation, for the good of the families of Nuevo Leon and Mexico.

    CAINTRA Nuevo León