The net sales of Cemex in Mexico increased 9% during the third quarter of 2022, driven by its pricing strategy and a rebound in the formal sector. In local currency terms, cement prices increased 17%, ready-mix prices increased 16%, and aggregates prices increased 21%. Cement volumes decreased 7%,
The Federal Economic Competition Commission (Cofece) informed on Thursday that it is investigating services related to credit card transactions in the form of deferred payments with interest-free months. To begin this process, Cofece published, in the Official Gazette of the Federation (DOF), the notice of initiation of an
Orbia reported a «negative quarter» from July to September 2022, interpreted Intercam Banco, in an analysis based primarily on a drop in EBITDA. Revenues for the quarter stood at US$2.291 billion, with no growth over the previous year. In particular, sales increased in Connectivity Solutions and Fluorinated Solutions;
U.S. real Gross Domestic Product (GDP) increased at an annual rate of 2.6 percent in 3Q2022, according to the «advance» estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP declined 0.6 percent. In general, the GDP estimate released Thursday is based on source
Mexico‘s balance of payments current account was moderately in deficit during 2017-2019, but experienced a sizeable surplus in 2020, before returning to a deficit, albeit moderate, in 2021, according to a report by the World Trade Organization (WTO). What is the balance of payments? Mexico’s Ministry of Economy
Mexico‘s exports grew at an annual rate of 25.4% in September, to 52.338 billion dollars, considering only products, without services. On the other hand, Mexican merchandise imports amounted to 53,233.4 million dollars, an increase of 20.8% at an annual rate. Regarding its two main divisions, external oil sales