Mexico’s auto output rose in August, exports declined
Mexico’s auto industry posted a mixed performance in August, as production rose after two months of declines but exports continued to fall.
Mexican auto industry association AMIA said Wednesday that car makers in the country produced 150,189 units last month, up 7.2% from the same month of 2004. Exports, though, slipped 10.5% on the year to 98,512 vehicles, posting their third straight month of declines.
“Total production and exports continue to show some ups-and-downs, but we still expect a recovery in what remains of the second half (of the year),” the association said.
Domestic new car sales, meanwhile, rose 9.4% to 90,626. The sales have been a bright spot for the industry amid weak demand for Mexican-made models in other parts of North America.
Most vehicles assembled in Mexico are destined for the U.S. market.
Steady economic growth and attractive financing packages from car dealers have pushed new car sales up to about a million units annually in recent years.
During the first eight months of the year, Mexican consumers bought 703,137 new cars, or 3.8% more than in the same period of 2004.
The auto industry accounts for about 14.4% of Mexico’s manufacturing gross domestic product, while autoparts makers and assembly plants employ thousands of workers.
Major car makers in Mexico include Nissan Motor Co. Ltd. (NSANY), DaimlerChrysler AG (DCX) and Ford Motor Co. (F).
For the first eight months of the year, production was off 3.2% from the year-ago period at 976,509 vehicles and exports were 7.1% lower at 689,653 units.
Source: marketwatch.com
Mexico auto output, exports soar in December
Mexico's auto industry output and exports soared in December as the sector continued a dramatic rebound after months of weakness.
Production in December rose 33.3 percent from the same month last year, while exports climbed 63.5 percent, the Mexican Automotive Industry Association (AMIA) said on Tuesday.
For full year 2005, production rose 6.6 percent and exports climbed 8.4 percent.
Soure: today.reuters.com
Mexicos August auto production up 19.5% to 179,527 units
Mexico auto production and exports continued to grow at a solid pace in August, while domestic sales were little changed from the year-ago month, the Mexican Auto Industry Association, or AMIA, said Monday.
AMIA said production last month rose 19.5% from August 2005 to 179,527 units. Exports jumped 38.2% to 136,114 units, and domestic sales edged up 0.3% to 90,936 units.
The recovery in the Mexican auto industry, the countrys biggest single manufacturing sector, contributed significantly to the 5.4% year-on-year increase in manufacturing in the first half of the year.
Source : marketwatch.com
UPDATE 1-Mexico industrial production up 2.1 pct in August
Mexican industrial production rose 2.1 percent in August compared to the same month a year ago, heralding a mild recovery in the dull manufacturing sector which has been dragging the overall economy down.
The median of analysts' forecasts in a Reuters poll had predicted a rise of 2.4 percent in industrial output.
The government said on Wednesday industrial activity in the month grew 0.44 percent compared to July while key manufacturing output increased 2.3 percent in August from a year earlier.
Mexico's industrial output fell an unexpected 1.1 percent in July compared with the year
UPDATE 1-Mexico July industrial output unexpectedly falls
Mexican industrial output fell an unexpected 1.1 percent in July compared to a year ago, the first decline in four months, as manufacturing output was even weaker than forecasts, the government said on Monday.
Key manufacturing output dropped 2.1 percent in July from a year earlier, according to the finance ministry, with weakness evident in the auto industry from declining car and truck demand in the United States.
Analysts in a Reuters poll had expected a median year-on-year increase of about 2.6 percent in July industrial production. Industrial activity in July rose 0.22 percent from June.
The
International Meat Review: Beef Exports Higher, Mexico Main Market
The USDA Foreign Agricultural Service (FAS) recently issued U.S. red meat export and import statistics for August 2005. According to the numbers, during August, U.S. exports of beef and veal cuts and beef variety meats equaled 41,516 MT. This was 7.9 percent higher than July and was 22.7 percent higher than August 2004. More specifically, exports of fresh, chilled beef totaled 12,437 MT, while exports of frozen beef totaled 3,030 MT. Beef variety meat exports during August rose 13.7 percent over July and 31.7 percent over August 2004 to 24,104 MT.
Mexico's Industrial Output Probably Rose 2% in September
Mexico's industrial production probably rose 2 percent in September, the latest evidence that the expansion in Latin America's second-biggest economy is sputtering as export growth to the U.S. slows.
Output growth of 2 percent -- the median estimate of 15 economists surveyed by Bloomberg -- would be down from 2.1 percent in August. It would also mark the fifth straight month in which production growth failed to reach 3 percent. Mexico had average monthly output growth of 3.8 percent last year.
``This economy is not robust,'' Gray Newman, chief Latin American economist at
UPDATE: Mexico 2005 Auto Production Up 6.6% To 1.6 Million Units
MEXICO CITY -(Dow Jones)- Mexico's auto production rose 6.6% last year to 1.6 million units, reversing four years of declines in a key manufacturing sector, the Auto Industry Association said Tuesday.
AMIA, as the trade group is known, said exports last year rose 8.4% to 1.2 million units, and domestic sales - which include imported cars - rose 3.3% to 1.1 million units.
The auto industry represents the largest single manufacturing sector in Mexico, and weakness in the industry has proved a drag on growth in industrial production in recent
Mexico Industrial Output Probably Rose 3.9 Percent in November
Mexico's industrial output probably grew at its fastest pace in seven months in November, led by a surge in construction and automobile production.
Industrial output rose 3.9 percent in November from the same month last year after increasing 2.6 percent in October and 1.2 percent in September, according to the median of 15 economists surveyed by Bloomberg.
The pickup in industrial production indicates Latin America's second-largest economy is recovering from a slump as it benefits from stronger growth in the U.S., the buyer of about 85 percent of its exports. Industrial
UPDATE 2-Mexico cuts 2005 growth forecast to 3.5 pct
Mexico's finance ministry on Tuesday cut its forecast for economic growth this year to 3.5 percent after manufacturers hit a soft patch due to weaker U.S. demand and a slump in agricultural output.
Alejandro Werner, the ministry's chief economist, said the economy would pick up pace in the second half of the year but that growth in gross domestic product would be less than earlier forecasts of 3.8 percent.
Mexico's economy grew a tame 3.1 percent in the second quarter, way below forecasts, as farming output fell and weak U.S. demand hit Mexico's
UPDATE 3-Mexico cuts 2005 growth forecast to 3.5 pct
Mexico's Finance Ministry on Tuesday cut its forecast for economic growth this year to 3.5 percent after manufacturers hit a soft patch because of weaker U.S. demand and a slump in agricultural output.
Alejandro Werner, the ministry's chief economist, said the economy would pick up pace in the second half of the year but gross domestic product growth would be less than earlier forecasts of 3.8 percent.
Mexico's economy grew a tame 3.1 percent in the second quarter, way below forecasts, as farming output fell and weak U.S. demand hit Mexico's car and truck
