Politics: Death Spiral Raises Crime Alarm
MEXICO · Report · 30 Mar 2017

Public security in Mexico appears to have embarked on a downward spiral, including the murder of three journalists in less than a month and large-scale prison breaks in the past ten days, which played out against a resurgence of intentional homicides nationwide. There were 2,098 cases of murder l...

Politics: The Challenges Facing the PAN in 2018
MEXICO · Report · 23 Mar 2017

The latest polling continues to suggest that next year’s presidential race will be mainly between Morena’s Andrés Manuel López Obrador, and the eventual nominee of the National Action Party (PAN), with at least one poll showing the latter party with a five-point edge 16 months before the vote. Mo...

Economics: Access to Credit Tightens
MEXICO · Report · 23 Mar 2017

Financing to the non financial private sector continued to experience high levels of real-term growth in late 2016, and bank credit in particular sustained an especially pronounced expansion during January 2017 in the case of both company loans and consumer credit, according to central bank data....

Politics: PRI Electoral Dilemmas
MEXICO · Report · 16 Mar 2017

The PRI’s recent celebration of its 88th anniversary embodied all the organization’s existential woes as it heads into a crucial showdown in the State of Mexico and prepares for the 2018 presidential elections. One of the most uninspired, disorganized and poorly attended on record, the event fail...

Economics: Mixed Data on Consumption
MEXICO · Report · 16 Mar 2017

Private consumption grew at a real 12 month rate of 3.3% during 2016, the strongest percentage increase since 2012 and an extension of a growth trend dating back to 2015. The report also reaffirmed this demand component’s role as the Mexican economy’s main growth driver throughout 2016. But th...

Politics: Turning Point for the PRD, and the Rest of the Left
MEXICO · Report · 09 Mar 2017

For almost three decades one party, the PRD, has been the almost exclusive expression of the electoral left in Mexico, but as the 2018 elections draw near, its fate is in question. Torn by factional strife since its inception, the party now faces its greatest challenge to date as it is being ecli...

Economics: Current Account Bump a One-Off
MEXICO · Report · 09 Mar 2017

Banco de México recently published its balance of payments results for 2016, which showed a 27.9 billion dollar current account deficit, a result considerably less pronounced than that of 2015. Mexico was able to reduce its deficit thanks to less negative balances of services and non petroleum g...

Sentiments Flag Despite Growth, while Officials Remain Impassive as Death Toll Rises
MEXICO · Report · 01 Mar 2017

While news in February showed some aspects of the economy sustaining, and in some cases, improving on its pace of growth, market analysts continued to scale back their growth expectations at the same time as both producer and consumer sentiment further accelerated their descent. Uncertainty over ...

Economics: AMLO's Proposals Don't Add Up
MEXICO · Report · 23 Feb 2017

Andrés Manuel López Obrador (AMLO) has published what in principle is supposed to be part of his governing program should he be elected president of Mexico next year. The book, entitled “2018. La Salida, Decadencia y Renacimiento de México” (2018: The Way Out, Mexico’s Decadence and Rebirth), con...

Politics: More Variables Ahead of 2018 Vote
MEXICO · Report · 23 Feb 2017

Major opinion polls involving a hypothetical field of the strongest contenders from each party for the 2018 presidential contest show Morena’s Andrés Manuel López Obrador in first place. But despite the impression in some quarters that he is gaining insuppressible momentum, he is still in a tech...

Economics: Troubling 2016 Budget/Debt Results
MEXICO · Report · 15 Feb 2017

At the end of January the Ministry of Finance released preliminary data on the public finances for year-end 2016. The data pose many points of concern, and from various angles. It confirmed a considerable rise in financial investment (170.1%) primarily resulting from the Energy Ministry's inject...

Politics: Rules of the 2018 Candidate Game
MEXICO · Report · 15 Feb 2017 · 1 response

The basic rules are essentially in place for the presidential succession process in which Mexico will be fully immersed in less than six months, along with the corresponding congressional and local races that will be in play June 3, 2018. Opposition parties appear to have given up on proposals fo...

Economics: NAFTA Renegotiation Scenarios
MEXICO · Report · 10 Feb 2017

Three weeks have passed since Donald Trump assumed the office of president of the United States, and Mexico’s productive sector remains gripped by uncertainty as to the repercussions of potential changes to United States trade policy. With a zealous commitment to implementing a poorly conceive...

Politics: State of Mexico Contests Key for 2018
MEXICO · Report · 09 Feb 2017

Voters will elect new governors in Coahuila, Nayarit and the State of Mexico and choose new municipal presidents in Veracruz in June. All four contests serve as early indicators of how electoral preferences are shaping up in relation to the three parties currently enjoying the strongest polling r...

An Economic Outlook Less Dire than Expected, But A Tough Road Ahead on the International Front
MEXICO · Report · 02 Feb 2017

Economic data over the past month revealed continuing but mostly restrained growth. Mexico’s monthly GDP proxy showed the economy growing at a 12-month pace of 2.4% in November, led higher by gains of 12.6% by the primary sector and 3.4% in the case of services, while industrial activity was larg...