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ECONOMIC BRIEFINGS
Information provided by the Mexico Trade Commission-Bancomext’s
New York Office.
FOREIGN DIRECT INVESTMENT
KEEPS FLOWING
According to the Ministry of Economy, Mexico
received 7.5 billion dollars in the first six months
of 2005. This amount represents an increase of 8%
compared to last year and most of it came from the
United States (76%).
LOWEST INFLATION EVER
Goldman Sachs reported that in September, Mexico’s
headline and core inflation rates eased to 3.5% and
3.2% respectively, which are the lowest ever in
Mexico.
MEXICAN STOCK EXCHANGE
REGISTERED RECORD MARKET CAPITALIZATION
At the end of September, the Mexican Stock Exchange
reached a historic market capitalization value of
US$215 billion, which represents 28.8% of Mexico’s
GDP. This amount has surpassed the highest
registered in a decade.
EXPORTS CONTINUE GROWING
Mexico’s exports reached US$155 billion as of August
2005, which represents an increase of 11.9% compared
to the same period of last year. This increase was
fueled by 35% growth in oil related exports and 8.5%
in non-oil exports
MEXICO’S ORGANIC FOOD
According to Mexican Ministry of Agriculture (SAGARPA),
Mexico exports more than US$200 million in organic
produce per year. These exports, produced by more
than 100,000 Mexican farmers and growers, consist of
a wide range of products including fruits,
vegetables and coffee.
INVESTMENT IN
INFRASTRUCTURE AND SOCIAL PROGRAMS
A few weeks ago, the Government of Mexico announced
it will seek bids from private companies for
contracts for as much as US$3.7 billion to build
hospitals and schools and to upgrade toll-free roads.
The plan would be the biggest initiative yet in
Latin America to have private companies investing in
infrastructure and providing public services.
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