The economic activity of the north and north-central regions of the country would be above pre-pandemic levels during the first quarter of 2022, reported the Bank of Mexico (Banxico).
It is estimated that for this period the economy will present an expansion in all regions, although it will probably not be homogeneous.
When presenting the Report on Regional Economies, the director of Price Analysis, Regional Economy and Information in Banxico, Alejandrina Salcedo Cisneros, explained that the northern region, made up of Baja California, Chihuahua, Coahuila, Nuevo León, Sonora and Tamaulipas.
Due to its dependence on industry with an export vocation, it would be presenting the same levels of economic activity observed as in the first quarter of 2020, being, again, with the best dynamism.
He also points out that after the war between Russia and Ukraine, several areas of opportunity opened up for the metal industry in the northern region, since the market share in the United States increased with the displacement of producers from Eastern Europe.
On the other hand, the activities of manufacturing machinery and automotive equipment were driven by the implementation of the T-MEC rules, which encourage regional content.
However, Alejandrina Salcedo considered, the dynamism of the northern region was also subject to how inflation started in 2022, conditioned to the behavior of fuel prices, such as natural gas.
Derived from the increase in natural gas prices, it revealed that the growth of the manufacturing GDP was slowed down, with the northern region being the most affected; therefore, its economic activity, despite the dynamism presented, could have grown more.
At the other extreme, the central region, made up of Mexico City, Hidalgo, Guanajuato, Estado de México, Morelos, Puebla, Querétaro and Tlaxcala, would be the one that would have the slowest recovery due to its vocation for the service sector, for a construction industry weakened and for not generating sufficient levels of employment.
It is the region that has had the slowest recovery and, therefore, it is the region that still shows a noticeable gap compared to pre-pandemic levels,” the board said.
The document states that other negative elements that slow down the growth of the center of the country is that there is a lower rate of activity in the development of vertical housing projects in Mexico City and in the construction of automotive industrial spaces in Puebla.
Of interest: Bajio markets continue with stable industrial rental prices despite inflation
There is also the uncertainty generated by the electrical reform initiative, since it had a negative impact on the flow of investments in new expansion projects, mainly in the aerospace and electronics industries.
Meanwhile, the outlook for the north central region (Aguascalientes, Baja California Sur, Colima, Durango, Jalisco, Michoacán, Nayarit, Sinaloa, San Luis Potosí and Zacatecas) also indicates that growth will continue, associated with the manufacturing and agri-food industries, as well as the relationship that is being generated between private construction and tourism, since more complexes are being demanded.
Among the factors that promoted the reactivation in the north center, the document deepened, the recovery of the tourism sector increased sales of processed meat, as well as sauces and condiments.
In Solili you can consult industrial warehouses available in Ciudad Juárez, Reynosa y Mexicali
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