DeltaCast: Mexico’s Economy

Mexico’s exports will grow by 5.3% in 2014 according to the Delta Economics latest trade forecast. This compares well to other MINT countries; Nigeria’s exports will similarly grow by 5.3% and Turkey’s by 5.7%. Indonesia’s is higher at 9.6% but much of this is accounted for by commodity rather than technology exports.

Delta forecasts that Mexico’s export growth in August alone is expected to be 8% higher year-on-year compared to 12 months ago. Mexican exports of mechanical appliances and electrical machinery will bounce back in July-August after taking a hit in May-June 2014. Exports of electrical machinery are forecast to increase by 5.7% in August 2014, month-on-month presenting a near 12% growth compared to this time last year. Given the strong technology component of this sector, the growth has to be positive news for Mexico’s IT sector.

2014-08-21_laPinata_mexico_v02_optimised

For more information, visit Delta Economics.

Hasta la próxima!

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