The Reshoring Initiative's(LINK) 2024 Annual Report shows that reshoring and foreign direct investment (FDI) contributed to the creation of 244,000 new jobs in the U.S. manufacturing sector over the past year, bringing the total to 1.7 million jobs since 2010. Tariffs appear to be an increasing factor, with a 454 percent increase in the influence expected by 2025, while government incentives show…

The automotive industry in Mexico is strategic worldwide, encompassing the manufacture of automobiles and auto parts. According to the Ministry of Economy, foreign direct investment is key to the development of the sector by operating 37 plants, 14 of which are of Japanese origin and 13 of U.S. origin.These assembly sites are the driving force behind Mexico's position as the fifth largest…

Nuevo León is experiencing a moment of economic expansion, consolidating its position as the national leader in job creation and foreign direct investment, among other key indicators.According to the state Ministry of Economy, the state has positioned itself as the best destination for investment, thanks to three main factors: its strategic location, highly trained human capital, and world-class…

Nuevo León is experiencing a moment of economic expansion, consolidating its position as the national leader in job creation and foreign direct investment, among other key indicators.According to the state Ministry of Economy, the state has positioned itself as the best destination for investment, thanks to three main factors: its strategic location, highly trained human capital, and world-class…

Baja California Sur's industrial activity grew 11.6% during May 2024, placing the state as the fifth fastest-growing in the country, according to the Monthly Indicator of Industrial Activity by State (IMAIEF).The increase reflects the prosperity of the manufacturing industry through various sectors such as electronics, electrical, automotive, aerospace, and logistics, as well as evidence of the…

The National Auto Parts Industry (INA) pointed out in a recent press conference an increase of 15.09% in Foreign Direct Investment (FDI) in the auto parts sector in Mexico, reaching 1.634 billion dollars in the first half of 2024.The main destinations for this investment in Mexico were the State of Mexico (16.95%), Chihuahua (13.59%), Querétaro (11.16%), Guanajuato (11.14%) and Coahuila (11.08…

Mexico's product exports grew at a year-on-year rate of 14.7% in July, to 54,788.6 million dollars, driven by manufacturing, Inegi reported on Tuesday.Imports amounted to US$54,860.5 million, an increase of 13.3%, leaving the country with a deficit of US$72 million in its trade balance.Mexico has developed its manufacturing sector with the dual objective of taking advantage of lower manufacturing…

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…

The economic prospects of the U.S., Canada, and Mexico for the current year point to interesting opportunities for Italian machinery manufacturers. In fact, OECD1 forecasts indicate, for 2024, GDP growth of 2.1 percent in the US, 0.9 percent in Canada and 2.5 percent in Mexico. In addition, slowing inflation, in these countries, will allow for a reduction in monetary tightening and interest rates…

According to the Ministry of Economy, in the first five months of 2024, 127 investment announcements have been made in Mexico by foreign companies, generating a total expectation of 39.157 billion dollars.Fifty-one percent of the announcements were made by companies with capital of U.S. origin; followed by Germany, with 14%, and Argentina, with 11%. Eighty-seven percent of the total amount…