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    Manufacturing Economic Outlook November 2023

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    December 21, 2023

    - All indicators are in the expansion zone for the second consecutive month, which means that manufacturing in Nuevo Leon continues to expand. Nuevo Leon's manufacturing sector continues to expand.

    - In terms of employment generation, the number of workers indicator remains above the expansion threshold at 52.3 points. remains above the expansion threshold with 52.3 points.

    During the month of November, manufacturing in Nuevo Leon continued its pace of expansion, as shown by the indicator of economic expectations for manufacturing. expansion, as shown by the indicator of economic expectations for manufacturing. All indicators were in the expansion zone for the second consecutive month. consecutive month.

    In greater detail, although the index of new orders decreased with respect to the previous month, it stood at 53.0 points and remained in expansion. at 53.0 points, remaining in expansion. The physical volume of production also showed the same pattern, reaching 52.0 points. production also showed the same pattern, reaching 52.0 points. Both indicators continue their streak of 11 consecutive months in the expansion zone.

    Linked to this, the capacity utilization index also decreased compared to the previous month, standing at 51.0 points. the previous month, standing at 51.0 points, while inventory accumulation increased by 2.1 points to 54.5 units for December. 2.1 points, reaching 54.5 units for December.

    In terms of foreign trade, both indicators posted their second month of growth. On the exports indicator stood at 51.6 points, marking its third consecutive month in the expansion zone. consecutive month in the expansion zone. On the other hand, imports reached 51.7 points, its fourth consecutive month in the expansion zone. and its fourth consecutive month in the expansion zone.

    The operation of the industry is reflected in the generation of jobs, where the number of workers indicator remained above the expansion threshold, reaching 52.3 points. of workers remained above the expansion threshold, reaching 52.3 points.

    With respect to price indicators, both registered an increase with respect to the previous month. previous month. The raw materials price indicator reached 60.7 points, reversing the downward trend it had maintained this year. the downward trend it had maintained this year.

    In terms of the main obstacles for companies, the shortage of skilled personnel continues to top the list, affecting 41% of companies. continues to top the list, affecting 41% of companies. On the other hand, transportation logistics continues to grow as a problem, affecting 31% of companies.

    The political landscape and insecurity are the obstacles that remain on the list, affecting 28% and 26% of companies, respectively. 28% and 26% of companies respectively.

    Weak economic activity, commodity inflation and labor reform were all obstacles that individually affected about 1 in 5 of the industrial companies. individually affected about 1 in 5 of the industrial companies.

    Finally, 49% of companies invested in machinery and equipment during November, the highest figure recorded since the survey was conducted. the highest figure recorded since the survey was conducted.

    CAINTRA Nuevo León