And there will be growth, much more growth. Data extracted on: September 11, 2020 Source: U.S. Bureau of Labor Statistics Note: More data series, including additional geographic areas, are available through the "Databases & Tables" tab at the top of this page. The peso has appreciated over 6% since Lopez Obrador took office. ]�꧲|�`K���z���N�~�)�z ���&A�����=��¢�%�+�uu 7r!T �� 0 President Andres Manuel Lopez Obrador took office in December pledging to ramp up lackluster growth and job creation. ">r^B�J�|���$yzd|�m��%�!z@�&a��DW{����� ��� In addition to the slowdown in public expenditure, Mexico also experienced multiple transitory shocks at the beginning of 2019 that affected investment and, therefore, overall economic activity: gasoline shortages as a result of addressing fuel theft; 1 strikes in manufacturing plants in Tamaulipas by workers demanding higher minimum wages; 2 railway blockades by a teachers’ union in … Reporting by Anthony Esposito; Additional reporting by Miguel Angel Gutierrez and David Alire Garcia; Editing by Susan Thomas and James Dalgleish. See here for a complete list of exchanges and delays. %PDF-1.6 %���� "ka�����!|qd�z��=|������ hޔSmo�0�+������{� New Mexico includes the following metropolitan areas for which an Economy At A Glance table is available:. Goldman Sachs economist Alberto Ramos said strikes and fuel supply disruptions earlier in the year had contributed to the slump. “March was a very bad month for economic activity, clocking a 0.6% contraction,” Mexican central bank board member Jonathan Heath said on Twitter, citing monthly economic activity data also published on Friday. endstream endobj 1294 0 obj <>/Metadata 76 0 R/OCProperties<>/OCGs[1304 0 R]>>/Outlines 91 0 R/PageLayout/SinglePage/Pages 1288 0 R/StructTreeRoot 128 0 R/Type/Catalog>> endobj 1295 0 obj <>/ExtGState<>/Font<>/Properties<>/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 1296 0 obj <>stream o Nearly half of the jobs were in Eddy & Lea counties (5,250 jobs, 6.5%), tied to oil & gas. �0 1�F ���w]��Q;%�b�D�N����l�&n�z�P��i���30����ƙF0�����{6{�2v�W�����뼁��~ ���$��D��#o�*/��o �?\ ��WL�ː�lO���䷷@4� h���T7״�0�ⴛO�c The International Monetary Fund on April 9 lowered Mexico’s 2019 growth outlook to 1.6% from 2.1%, citing shifts in perception about policy. Mexico received some $10 billion in foreign direct investment in the first quarter, up 7% from the same quarter last year, and inflation was slightly lower than expected in the first half of May at 4.43%. 1293 0 obj <> endobj So we’re going to wait,” said Lopez Obrador. After the data was published, Mexico's benchmark stock index, fell more than 1% to a two-month low, the peso currency. ��H��C�ה�����/� �K� @� �@`-.�X>��r�����x� �.�D@��(���෌�VXTqi�M~U���G��Ȱ�K�vH�4-��II#о�a��.�߰E�w:�ze�Z[kC��\48,D���Hi$�6�Z !���y㍀QɮY������9�&��(�,�@��utXX1/�Qr�Đ/a@+ ���R�P��A���؎��vÜ�bY�^��R��.�m�y���m_��^{ �Č��+�o��쪪��0[׻E�.���! �ې��n�B�C�C�&B� ������U\���ҋv��nG�rWZp. H�lT]O�0|����D�:��� !5i�r m�ө�C��R� �T���� ���ތgvf�zê^�-�5yú^,�[�{y�^\�u�oR���M׫�n�8.�`. dipped into negative territory, and economic research consultancy Capital Economics cut its Mexican growth forecast to 1.8% for 2019. As of December 2019 Oil and gas production, tourism and the federal government drive New Mexico’s economy. endstream endobj startxref o Metro areas (except Farmington) also added jobs, giving some balance. MEXICO CITY (Reuters) - Mexico’s economy shrank in the first quarter of 2019 from the previous three-month period, data showed on Friday, dealing a blow to the new government’s drive to convince investors it can boost growth in Latin America’s second-largest economy. It was the weakest quarterly annual growth in a year. endstream endobj 1299 0 obj <>stream �MK In a note, Goldman Sachs’ Ramos said high interest rates would weigh on consumer spending, adding that the investment outlook was lackluster, partly due to uncertainty over the ratification of a new trade deal with Mexico’s top export market the United States. The U.S. economy expanded 3.2 percent in the first quarter in annual terms, but some economists believe that growth rate will be short lived, bringing more gloom to Mexico. ;���j��7/�+����Y�����W�+���-�yǼC~e~E~cN�����K�%r�\ {f�,̂L��������l�4{�=�f�a� ����4{�=�N�M`�6�M`�6�M`�6�M`�6�M`�6�M`v+�V�8�� h�b```��,vB A��bV����� ��� F.�r�#��Y��s�N��¿�t����hu���{�3|^���_�f�����hق$?�[�ԁ������AH�wt4�8L@s ��` 1Vt4Z��1;�r��� D� �s�y��4�CĜA���Ʌ��� After the data was published, Mexico's benchmark stock index .MXX fell more than 1% to a two-month low, the peso currency MXN= dipped into negative territory, and economic research consultancy Capital Economics cut its Mexican growth forecast to 1.8% for 2019.