North And Centre Primary Beneficiaries Of Manufacturing Boom
BMI View: Mexico will remain an attractive destination for manufacturers, especially automakers, due to competitive wages, well established production and supply networks, and ease of access to the US market. The North and Centre regions of Mexico will benefit the most from the manufacturing sector boom, and we expect strengthening growth prospects in these regions to create significant opportunities in the services sector in subsequent years.
Mexico's manufacturing sector will continue to expand at a robust pace in the coming years, driven by ease of access to a recovering the US consumer market, competitive wages, and well-established supply networks, which will continue to attract foreign investment into the sector. The autos sector will remain a top performer within the broader manufacturing sector, given the expansion in production capacity in recent years, and the strong integration with the supply chain of the US market. The northern and central Mexican states, especially Coahuila, Puebla, the State of Mexico, Nuevo Leon, Guanajuato, and Aguascalientes will be the main beneficiaries of the robust expansion in the manufacturing sector.
Manufacturing Sector Overview
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