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    Greater business confidence drives manufacturing recovery in Mexico

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    June 12, 2024

    At CAINTRA Nuevo León, we would like to highlight that the indicators compiled by INEGI in Mexico indicate that investment in the manufacturing sector has remained solid. that investment in the manufacturing sector has remained solid.

    An example of this situation is that the overall indicator of business confidence in manufacturing has remained above the expansion threshold throughout this year and last year, reflecting and the previous year has remained above the expansion threshold, reflecting a solid perception of the economic and business environment, reaching 53.7 points in May. the perception of the economic and business environment, reaching 53.7 points in May.

    The indicators show a tendency to exceed figures that have not been seen for more than 10 years. for more than 10 years. For example, in April, the indicator of the right time to invest in manufacturing reached 48.3 points, a level not achieved since August 2013, and for manufacturing reached 48.3 points, a level not achieved since August 2013, and this trend continued in May. this trend continued in May.

    Thanks to these positive indicators, indicators continue to advance, such as total exports, which have accumulated growth of 4,11% in 2024. total exports, which have accumulated growth of 4.11% in 2024. Manufacturing has played an important role 4.62%, in original figures, and manufacturing has played an important role, registering a cumulative growth of 4.62%.

    In view of this situation, CAINTRA calls for the continued promotion of the manufacturing industry in order to foster greater economic dynamism and generate more jobs. industry to foster greater economic dynamism and generate more quality jobs for the population. quality jobs for the population. It is essential to guarantee financial resources so that these investments can investments can materialize, mainly in SMEs, where one option is through the promotion of financing one option is through the short- and long-term financing programs that NAFIN generates in guarantees and factoring. in guarantees and factoring.

    Likewise, foreign trade conditions must be facilitated to continue the export push to other sectors. to continue boosting exports to other sectors. In this sense, investing in and improving the efficiency of the country's customs of the country's customs offices play a fundamental role in boosting international trade, a more fluid supply chain, thus reducing transportation times and costs. costs.

    It is of great importance to further consolidate the social and economic development of Nuevo León and Mexico through industry. economic development of Nuevo León and Mexico. At CAINTRA we will continue to work in coordination with the authorities in the development of public policies to promote these objectives. authorities in the development of public policies to promote these objectives.

    CAINTRA NUEVO LEÓN