According to the National Association of Plastics Industries (ANIPAC), the plastics industry in Mexico represented 3.14% of the manufacturing GDP in 2023, which reflects its economic relevance for the national industry. This industry maintains a high incidence in sectors such as auto parts, packaging and containers, which have maintained a constant growth in recent years, consolidating its importance within the country's industrial panorama. However, the sector is facing significant challenges, such as the growing demand for more sustainable solutions and regulations related to the

The slowdown in the Mexican economy during the second half of the year has caused analysts and financial institutions to reduce their growth outlook. Among the international organizations, the World Bank stands out with the highest growth expectation for 2024; from 2.6% at the beginning of the year to 2.3% at present. On the other hand, the ECLAC (Economic Commission for Latin America and the Caribbean) reduced its expectation by almost half, from 2.5% to 1.5% in those periods. Among the current projections, the most pessimistic is the one that expects a growth of only 1.5% in year-on-year

According to the Jalisco Furniture Manufacturers Association (Afamjal), Mexico is a leading furniture exporter, ranking 5th in the furniture and mattress industry worldwide, surpassing countries such as the United States and Canada; in addition, the furniture industry is the sixth largest manufacturing export category in Mexico, which demonstrates its importance and competitiveness in the international arena. Globally, the furniture industry is in a period of significant growth driven by several key factors such as urbanization, population expansion, rising incomes, and the expansion of the

When a multinational seeks to set up a store in Mexico to expand its business to export to the United States, it also has to gauge the costs of the move. The most important thing for companies that decide to make large long-term investments in the country is the rule of law and the long-term visibility of the economic, political, and legal environment in Mexico, political transition and effective governance will be crucial to maintain confidence, agree investment strategists. Although the so-called nearshoring phenomenon is already occurring in the country, experts anticipate that it is

Foreign Direct Investment (FDI) arrivals to Mexico registered a 7.2% inter-annual growth, to 31.1 billion dollars in the first semester of 2024, informed the Ministry of Economy. Of this total, 30.288 billion dollars correspond to reinvestment of profits, 909 million dollars to new investments, and -101 million dollars to intercompany accounts. New investments refer to FDI flows associated with initial investments made by foreign individuals or legal entities upon establishing themselves in Mexico; or the contribution to the capital stock of Mexican companies (initial or increases) by foreign

The Mexican Chamber of the Construction Industry (CMIC) expects the sector to grow between 3 and 5 percent by the end of this year, attributing a 1.6 percent expansion in the sector's investment to the economic phenomenon of nearshoring. About this factor, it is estimated that 40 percent of domestic construction companies have already benefited from this phenomenon. Other sectors with increases included plastics and rubber (3.5 percent), beverages and tobacco (2.9 percent), and clothing (1.5 percent). Of the 21 categories that make up the industry, only 14 advanced, with transportation

In March 2024, with seasonally adjusted figures, the states with the strongest monthly growth in industrial activity were Durango, Oaxaca, Tamaulipas, Aguascalientes, and Mexico City. At annual rate and with seasonally adjusted series, the states with the most significant increases in their industrial production were Quintana Roo, Durango, Hidalgo, Oaxaca and Yucatan. These increases underscore the dynamism of these regions in terms of industrial production, consolidating their position as engines of growth within the country. In the minerals sector, with original data and at an annual rate

The construction sector has shown great progress so far in 2024, being favored mainly by civil engineering works, followed by building works, and in third place by specialized works. There has been a notable increase in the demand for infrastructure, mainly energy, industrial buildings and parks, storage warehouses, and distribution or logistics points in the country, greatly favoring the construction industry. To initiate new infrastructure projects, the public sector and the private sector must promote the development of productive infrastructure and take advantage of the relocation of

According to La Cámara Nacional el Hierro y el Acero (Canacero) Mexico ranked 15th as a world producer of crude steel in 2021 and generated 672,000 direct and indirect jobs, with an investment of $14,461 mdd in the last 10 years, that is, from 2012 to 2021. A total of 18.5 million tons of crude steel were produced in 2021, a figure that represented a reduction of -8.3% compared to the record figure achieved in 2018. The consumption of finished steel products per capita was 203 kg per year, while the average global consumption was 233 kg per year. Among the main steel producers published by the