Economic indicators: solidity and well-being
President Claudia Sheinbaum presented 12 indicators that reflect the positive performance of the Mexican economy, attributing the results to responsibility in public spending, macroeconomic stability and Mexican Humanism.
“Being very responsible in public spending and public investment, that is the first; the second, guaranteeing macroeconomic indicators; and the third is Mexican Humanism,” he said during the morning conference.
Sheinbaum recalled that the minimum wage went from 2,800 pesos per month in 2018 to more than 9,400 pesos currently, an increase of 122% recognized by the OECD. He highlighted that without this increase there would be no purchasing power, and that the Wellbeing Programs activate internal consumption.
Key data
Among the indicators presented, Mexico is among the 10 countries with the highest Foreign Direct Investment, with 41 billion dollars captured. It ranks first in the OECD in real wage increases since 2018 and has the second lowest unemployment rate in the organization, at 2.7%, only behind Japan.
The Secretary of the Treasury, Édgar Amador Zamora, explained that trade with the United States reached a record of 839 billion dollars, and total exports amounted to 723 billion. Fixed investment grew 5.9% annually, private consumption increased 2.1% and inflation fell to 3.6%, its lowest level in eight months.
The director of the IMSS, Zoé Robledo Aburto, reported that as of June 30, 22 million 779 thousand 704 formal jobs were registered, a historic figure. The base contribution salary reached 669.1 pesos per day, with an annual growth of 6.4%. Of the total positions, 9.1 million are occupied by women, and 237,627 digital platform workers have been hired.
Sheinbaum concluded that these results show a reduction in inequality, with 13.5 million people lifted out of poverty during the administration.
