Nuevo Leon: grows 4 % during the first quarterly of 2019

Nuevo Leon achieved economic growth of 4 % regarding the same period in 2018 with deseasonalized figures, reported the National Institute of Statistics and Geography (INEGI, by its Spanish initials) through the Quarterly Indicator of the State Economic Activity (ITAEE, by its Spanish initials) for the three months January-March 2019.

On its annual appearance, these figures position the state on third national place, having Sinaloa in first place with a 6.4 % growth and, in second place, Chihuahua 4.2 %.

Roberto Russildi Montellano, secretary of Economy and Labor in Nuevo Leon, talked about the entity’s growth in a positive manner, pointing out other areas in which growth has been also detected.

“Economy in Nuevo Leon shows strength, as it has kept a sustained growth. It highlights the rebound of manufacturing, with 6 % at an annual rate, while the construction activity keeps an increase of 2.7 %. It is important to mention that growth was given in other areas such as the services sector, which registered an increase of 3.6 %,” explained the secretary.

According to the analysis of the office, the economic growth reported by ITAEE exceeds 0.9 % registered a year ago when the manufacturing and construction activity recorded a decrease of 1.2 % and 2.3 % respectively. At deseasonalized figures, ITAEE growth is 3.3 %.

For Nuevo Leon, expectations continue to be positive, since the industrial sector records an actual growth of 8.2 % by May, this according to figures collected by the Monthly Survey of Manufacturing Industry (EMIN, by its Spanish initials) from INEGI.

“Within a national and international complex climate, Nuevo Leon is sending clear signals of certainty.  These indicators said that there is confidence to continue investing in the state, as well as the dynamism and effort, showed by all productive sectors to adapt and strengthen their competitiveness,” said Russildi.

In comparison, 4 % of the economic growth in the state opposes the growth rate of the national economy, which is 1.2 %. Other states that stood out by the increase of their economic activity were Yucatan, Colima, Baja California and Tlaxcala.