Economics: Internal Market Takes Off

MEXICO - Report 29 Apr 2015 by Mauricio Gonzalez and Ernesto Cervera
Executive Summary The positive dynamic we observed in private consumption over the course of the second half of 2014 extended through the first quarter of 2015. Diverse variables have contributed to the extension of that positive trend. For starters, the economy’s formal sector wage mass grew by a real 5.8% compared to the first quarter of 2014, thanks to the combination of a 4.3% increase in payroll employment and a 1.2% rise in median contract wages. Those results translated into a significant expansion in the buying power of workers employed in the economy’s formal sector. Meanwhile, the...

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