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    Manufacturing Economic Outlook July 2024

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    August 4, 2024

    - The shortage of trained personnel was once again identified as an obstacle to business performance. performance, being the second most important factor hindering operations for 44% of respondents. operations for 44% of the respondents.

    - 36% of companies invested in machinery and equipment during July, marking the highest figure for the year so far. the highest figure so far this year.

    The Economic Expectations Indicator for Nuevo Leon's manufacturing sector, conducted by CAINTRA July 2024 shows mixed results, with some indicators overcoming the drop they showed a month earlier, but others remain in contraction. the previous month, but others remain in contraction.

    In more detail, the new orders index increased by 3 units with respect to the previous month, placing it above the expansion threshold at 50.7 points. month, placing it above the expansion threshold at 50.7 points. In addition, the physical physical production volume also returned to the expansion zone, with an increase of 5 points over June points with respect to June, reaching 51 points. Similarly, inventory accumulation was above 50 units.

    With respect to foreign trade, the export indicator stood at 46.7 points, marking two continuous months of contraction. points, marking two continuous months in the contraction zone. On the other hand, imports increased imports increased their pace, reaching 50 points.

    The number of workers indicator also showed an increase, reaching 49.75 points. to 49.75 points, however, it is still in contraction. Similarly, the capacity utilization index increased, but is still below the expansion threshold at 49.9 points. capacity utilization index increased, but is still below the expansion threshold at 49.9 points. points.

    With respect to price indicators, the price indicator for its products continues to advance with respect to the previous month, standing at 52.5 points. the previous month and stood at 52.5 points. On the other hand, the raw materials price indicator of raw materials decreased and reached 57 points during the month of July.

    With respect to obstacles to business performance, the political landscape was cited as the top item for industry for the fourth political outlook was mentioned as the top item for the industry for the fourth consecutive month, but with a decrease in 49% of respondents.

    In addition to the previous factor, the proportion of businessmen indicating that a shortage of trained personnel was an obstacle increased and again ranked as the second most important obstacle. of the companies surveyed, making it difficult for 44% of those surveyed to operate. The proportion of businesses reporting a shortage of trained personnel as an obstacle increased, and again ranked as the second obstacle affecting the most businesses, making operations difficult for 44% of those surveyed.

    Lower external demand and weak economic activity ranked next, affecting about 3 out of 10 companies. affecting about 3 out of 10 companies.

    Finally, 36% of companies invested in machinery and equipment during July, marking the highest figure so far this year. the highest figure so far this year.

    Expectation indicators seek to provide qualitative information on the current situation of the manufacturing industry in Nuevo Leon, through the perspective of company managers on various variables related to their operations. Nuevo León, through the perspective of company managers on various variables related to their operations. For this purpose, businessmen are asked month by month how a list of variables behaved in relation to the previous period. They have the possibility of answering: much lower, lower, equal, higher, much higher. With this, an index is The importance of this index lies in the fact that, if the number obtained is above 50 points, the variable is in expansion; but if it is below 50 points, the variable is in expansion; but if it is below 50 points, the variable is in expansion. If it is below 50 points, the variable is expanding; if it is below 50 points, it is contracting.

    CAINTRA Nuevo León