Mexico's factory floors hum with activity, churning out cars, electronics, and more for the world. This robust manufacturing sector acts as a major engine for the Mexican economy, directly impacting the peso's strength.
According to INEGI (National Institute of Statistics and Geography), manufacturing output grew 3.1% year-on-year in November 2023, fueled by sectors like autos and dolar hoy auto parts. This translates to increased exports, generating dollar inflows that strengthen the peso. However, dark clouds gather on the horizon.
Slowing global growth and potential trade disruptions could dampen demand for Mexican exports, impacting the peso's future trajectory.
Stay tuned to dolar hoy for insights on how Mexico's manufacturing prowess navigates these headwinds.