The Mexican economy will remain in healthy shape according to Delta Economics’ latest September forecast. In particular, Mexico’s NAFTA partners are the largest buyers of Mexican goods by a long way and this trend is set to continue over the coming months. The USA purchases just over three quarters of all Mexican exports and together with Canada they consume around 80% of all outbound goods from Mexico.
Despite a slower than expected September, October promises to be a much better month for retailers in terms of export sales. October will see trade with the USA increase by 11.6% month-on-month and with Canada there will be an improvement of around 11.8% month-on-month.
Moreover, forecasts for sales in technology-related goods remain strong for the year ahead: exports in computers will see a 15.6% rise in 2014, up on the previous year, whilst those in electrical appliances for telephony will rise by 14%. Motor vehicles sales are forecast to increase by 8.5% in 2014, also up on the previous year. For more information, visit Delta Economics.
Hasta la próxima!