Mexico’s economy stagnated in November
The services and manufacturing sectors of the Mexican economy stagnated during the month of November according to data from the Mexican Institute of Finance Executives
The Mexican Institute of Finance Executives published figures on Monday, December 2, on the country’s economic contraction during the month of November.
According to the private organization, the sectors with the greatest stagnation are manufacturing and services.
“The IMEF Manufacturing indicator increased 1.1 points in November compared to the previous month, to stand at 48.3 units, the eighth consecutive month in a contraction zone, the private organization reported in a statement.”
In contrast, the IMEF Non-Manufacturing indicator increased 1.2 points last month, standing at 50.5 units.
Despite this slight increase compared to the month of October, both indicators continue to be low. The IMEF considers a strong “absence of dynamism and, therefore, of the possibility that the economy closes the year with a moderate expansion.”
Regarding the growth projections for 2025, the Government of Mexico places the local economy between 2.0 and 3.0% “within the economic package that it submitted to Congress for analysis on November 15.”
M.Pino
Source: spanish.news.cn
(Reference image source: Getty Images for Unsplash+)
Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram
