With the economic reactivation, many sectors have benefited, and the industry of Nuevo León is one of them, because after three months with weak production rates, during March it managed to reach record figures since 2013.

Through a report, the Chamber of the Transformation Industry of Nuevo León (Caintra) explained that the state's manufacturing industry witnessed a historic rebound in that period, as seen in its most recent survey of economic expectations.

Caintra indicated that at the end of last year and the beginning of this year, the industry faced an economic contraction; however, in February it reached the threshold of expansion and during March it rebounded, reaching figures that had not been seen for a year.

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Specifically, he said that the physical volume of production and new orders reached 59 and 60 points in March (above 50 points means expansion), which represented an increase of 8 and 10 points, respectively, compared to the previous month.

"Although these indicators showed a notable improvement and economic recovery in the industry, it is essential to guarantee sustained stability to restore investor confidence and promote economic growth," said the body led by Rodrigo Fernández.

This progress that today is also clearly reflected in the employment issue, since this sector was the main generator of jobs throughout the last year.

It was recently reported that despite a weak start in 2022 in the face of various global challenges, the manufacturing, services and construction sectors accelerated job creation in Nuevo León, where according to the Mexican Social Security Institute (IMSS), manufacturing generated 40,032 new jobs compared to the previous year.

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The transformation or manufacturing industry was the one that created the largest number of new formal jobs during January, with a total of 2,724 jobs.

Despite this progress, one of the main concerns facing the industry today is high inflation. For example, in March, intermediate goods reflected an inflation of 13.9%, and for example, raw materials such as petroleum derivatives, iron, steel and aluminum products reported an inflation of over 30%.

The economic outlook for the end of 2022 is compromised and has even led to the growth forecast of the Gross Domestic Product (GDP) being reduced to 1.8%.

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Original note