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    Manufacturing Economic Outlook December 2023

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    January 24, 2024

    - Insecurity is in its sixth consecutive month, affecting the optimal performance of more than 20% of companies. of companies.

    - 37% of companies invested in machinery and equipment during December, the highest figure for the month since 2015. represents the highest figure for this month since 2015.

    In the last month of the year, five of the nine indicators of expectations compiled by CAINTRA were in the contraction zone. were in the contraction zone, these being those related to production and foreign trade. foreign trade. However, these results are mainly due to the seasonal nature of manufacturing activity, which declined at the end of the year. manufacturing activity, which declines at the end of each year.

    In more detail, the new orders index decreased with respect to the previous month, falling below the threshold of 48.4 points. below the 48.4 point threshold. The physical volume of production also showed the same pattern, at 49.9 points. the same pattern and stood at 49.9 points.

    The capacity utilization index also declined compared to the previous month, standing at 48.8 points, while inventory accumulation reached 48.8 points. the previous month, standing at 48.8 points, while inventory accumulation managed to remain above the threshold at 52.9. above the threshold at 52.9.

    The lower activity in the operation of the industry was reflected in the generation of jobs, where the indicator for the number of workers decreased with respect to the previous month to 51.3 million. the number of workers indicator decreased with respect to the previous month to 51.3 points. points.

    In terms of foreign trade, both indicators fell below the 50-point threshold. 50 points. On the one hand, the exports indicator stood at 49.0 points and on the other hand, imports reached 49.4 points. on the other hand, imports reached 49.4 points.

    With respect to price indicators, both registered a reduction with respect to the previous month, although they are still in the expansion zone. the previous month; however, they continue to be in the expansion zone. The raw materials price indicator reached 56.6 reached 56.6 points, while the product price indicator stood at 52.8 points. points.

    In terms of the main obstacles for companies, the shortage of trained personnel was lower than in November, affecting 31% of companies. a reduction with respect to November, affecting 31% of companies. On the other hand, lower external demand external demand hindered the performance of 1 out of 4 companies during December.

    Insecurity is linking its sixth consecutive month affecting the optimal performance of more than 20% of companies. companies. And the political panorama during December affected 21% of Nuevo Leon companies.

    Both transportation logistics and raw material inflation were obstacles that individually affected about 1 in 5 industrial companies. individually affected around 1 in 5 of the industrial companies.

    Finally, 37% of companies invested in machinery and equipment during December, the highest figure for this month since 2015. highest figure recorded for this month since 2015.

    CAINTRA NUEVO LEÓN