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Fibra Prologis to invest US $700M in industrial spaces in Mexico
The real estate investment trust is expanding development as nearshoring accelerates demand for warehouse and industrial space.
Peso hits new 7-year high against the US dollar
The Mexican peso hit its strongest level against the U.S. dollar in more than seven years on Tuesday, reaching 17.37 pesos to the greenback.
Unemployment in Q1 of 2023 decreased to lowest level on record
Only 1.6 million of the workforce was jobless in 2023. At 2.7%, the unemployment rate is the lowest since records began being kept in 2005.
Economy Ministry: Planned investments of US $48B in Mexico this year
The statement comes on the heels of strong levels of foreign direct investment reported for first quarter 2023.
Mexico’s exports down 2.9% in April, but up over 4% this year
INEGI published preliminary data showing a trade deficit of US $1.5B in April, with export revenue down 2.9% annually.
Reuters: Fast-fashion retailer Shein looks to build factory in Mexico
The Chinese apparel brand is currently expanding its presence in Latin America and looking to explore "nearshoring options".
Quanta Computer to invest US $1B in Nuevo León
The Taiwanese computer manufacturer is one of Tesla's suppliers and has already invested nearly US $500M in the northern Mexican state.
Teachers, taxes and ‘transformation’: the week at the mañaneras
President López Obrador covered everything from economic stability to "banishing" corruption to armored vehicles at the week's pressers.
Peso hits 7-year high against US dollar
The Mexican peso continues its strong performance this year, hitting 17.42 against the U.S. dollar on Monday.
Italian manufacturer Brembo upgrades Nuevo León plant for US $207M
Expansion work on the plant in Escobedo, Nuevo León, has successfully concluded, allowing the factory to double its production.
