Congress Takes on Corruption

MEXICO - Report 06 May 2015 by Mauricio González, Guillermo Valdes, Esteban Manteca and Ernesto Cervera
Executive Summary With inflation in check, Mexico’s internal market continued to firm through March, thanks to job growth, wages that rose 5.8% y/y in real terms in Q1, and a firming of consumer confidence that has driven stronger retail sales. The tertiary sector has been the prime beneficiary of these developments, in contrast to the weakened industrial sector, which has been forced to cope with falling demand from U.S. factories. So we’ve seen a disconnect between the more optimistic attitudes of consumers, and the more pessimistic ones of business managers, the latter growing more pessi...

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