Key Mexico Statistics January- March 2014

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Key Mexico Statistics January- March 2014
Get an overview of the main financial indicators of the Mexican economy for the January- March 2014 period.

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Key Mexico Statistics January- March 2014

  1. 1. Key Mexico Statistics Jan – Mar 2014 Nuricumbo + Partners Audit • Finance • Risk • Strategy • Business Development
  2. 2. Country Risk Mexican Stock Exchange Securities Market 1 2 3 4 Exchange Rates Inflation Rate5 Investment Unit (UDI)6 Economic Confidence Indicator (IMCE)7 Outline International Reserves8
  3. 3. Note: Mexican Pesos per Currency Source: Mexican Central Bank, www.banxico.org.mx, 2014 €16.80 €17.30 €17.80 €18.30 €18.80 31/03/14 € 18.0132 January February March 31/01/14 €18.1244 28/02/14 € 18.2590 $11.00 $11.50 $12.00 $12.50 $13.00 31/03/14 $11.8133 January February March 31/01/14 $12.0149 28/02/14 $11.9432 $12.15 $12.65 $13.15 $13.65 $14.15 31/03/14 $ 13. 0549 January February March 31/01/14 $13.3769 28/02/14 $13.2379 £20.20 £21.00 £21.80 £22.60 £23.40 31/03/14 £22.0687 January February March 31/01/14 £22.3140 28/02/14 £22.4783 Exchange Rates
  4. 4. The Country Risk indicates the possibilities that an emerging country has to fail on the fulfillment of its obligations over external debt payments, whether for capital or interests. The higher the Country Risk, the higher the possibility to get a “default”. It is composed of three main sources: • Sovereign Risk • Transfer Risk • Generic Risk It is measured through the use of the Emerging Markets Bond Index (EMBI) created by J.P. Morgan Chase. Source: www.economia.com.mx, 2014 196 168 155 0 50 100 150 200 250 January February March Country Risk Note: Basis points Country Risk
  5. 5. Source: Mexican Stock Exchange (BMV), http://www.bmv.com.mx/, 2014 The Mexican Stock Exchange (BMV) is a public institution that operates under a concession granted by the Ministry of Finance (SHCP), observing the Mexican Securities Law. Given the world tendencies and legislation changes, the BMV has already started its demutualization process, but up to this date its shareholders are authorized brokerage firms, which own one share each. Marketable Securities • Capitals Market (Stocks, Fibras) • Capital Development Market (CKDes) • Debt Market (Government, Short, Medium and Long Term Debt). 40,879.75 38,782.89 40,461.60 37,500 38,000 38,500 39,000 39,500 40,000 40,500 41,000 41,500 January 31st February 28th March 31st Price and Market Rates Index (IPC) Mexican Stock Exchange
  6. 6. Source: Mexican Central Bank, www.banxico.org.mx, 2014 The Mexican Central Bank (Banxico) carries out operations in the securities market in order to regulate the liquidity of Mexico’s financial system. It also undertakes primary auctions of securities for the government and other public sector entities, and issues regulations on several financial operations of financial intermediaries. Cetes 28 Zero coupon bonds denominated in Mexican Pesos issued by the Mexican Government, in a 28-days period. 3.18% 3.15% 3.19% 3.13% 3.14% 3.15% 3.16% 3.17% 3.18% 3.19% 3.20% January 31st February 28th March 31st Government Securities Auction’s Monthly Results (Cetes 28-days) Securities Market
  7. 7. Source: Mexican Central Bank, www.banxico.org.mx, 2014 Inflation can be defined as a continuous and widespread increase in goods and services prices. The Consumer Price Index (CPI) is the statistical instrument that calculates inflation by continuously measuring the price changes of households’ representative basket of goods and services. 3.97% 4.48% 4.23% 3.70% 3.80% 3.90% 4.00% 4.10% 4.20% 4.30% 4.40% 4.50% 4.60% January February March Yearly Inflation Rates per Month Inflation Rate
  8. 8. Source: Mexican Central Bank, www.banxico.org.mx and Ministry of Finance, www.sat.gob.mx, 2014 The Investment Unit (Unidad de Inversion, UDI) is the factor (value) to be applied to the acquisition of mortgages. The Mexican Central Bank is the responsible authority to publish at the Mexico’s Official Gazette its value in Mexican Pesos for each day of the month. 5.100417 5.129269 5.145084 5.070000 5.080000 5.090000 5.100000 5.110000 5.120000 5.130000 5.140000 5.150000 January 31st February 28th March 31st Investment Unit (UDI) Investment Unit (UDI)
  9. 9. Source: Public Accountants Mexican Association, IMCP, http://imcp.org.mx/, 2014 The Economic Confidence Indicator, IMCE, is a diffusion indicator which aims to quantify the expectation of the perceived business climate through more than 20,000 registered public accounting to nearly 60 colleges affiliated to Public Accountants Mexican Institute, IMCP. The index can become one of the key leading indicators to get a better overview of the situation of the Mexican economy. The indicator is divided into two main components, which presents the current perception in the business climate as well as future perspectives. Its score is measured through a range of 0 to 140 points, being higher values optimistic and lower values pessimistic. Economic Confidence Indicator (IMCE) 67.28 68.78 70.26 $66 $66 $67 $67 $68 $68 $69 $69 $70 $70 $71 January February March Economic Confidence Indicator
  10. 10. Source: Mexican Central Bank, www.banxico.org.mx, 2014 Known as financial assets invested abroad by the Mexican Central Bank that can easily be converted in means of payment. According to the Mexican Central Bank, the following concepts are considered as International Reserves: • Foreign banknotes and coins; • Deposits, securities and stocks payable outside of Mexico; • Loans by Central Banks payable at no longer than six months; • The Special Drawing Rights at the International Monetary Fund. $177,179 $179,705 $180,700 $175,000 $176,000 $177,000 $178,000 $179,000 $180,000 $181,000 January 31st February 28th March 31st International Reserves (Million USD) International Reserves
  11. 11. Address: Plateros 16 – 504, San Jose Insurgentes 03900, Mexico City Tel. Office: + 52 (55) 5339 5839 Mobile: + 52 (55) 5453 6309 E-mail: armando@nuricumbo.com Web: www.nuricumbo.com Skype: nuricua BB Pin: 21BD8276 Contact

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