Key Mexico Statistics March - May 2013


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Get an overview of the main financial indicators of the Mexican economy for the March - May 2013 period.

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Key Mexico Statistics March - May 2013

  1. 1. Key MexicoStatisticsMarch – May 2013Nuricumbo + PartnersAudit • Finance • Risk • Strategy • Business Development
  2. 2. Country RiskMexican Stock ExchangeSecurities Market1234Exchange RatesInflation Rate5Investment Unit (UDI)6Economic Confidence Indicator (IMCE)7OutlineInternational Reserves8
  3. 3. Note: Mexican Pesos per CurrencySource: Mexican Central Bank,, 2013€15.30€15.80€16.30€16.80€17.30€17.8031/05/13$16.6330March April May27/03/13$15.784030/04/13$15.8816$11.00$11.50$12.00$12.50$13.0031/05/13$12.3609March April May27/03/13$12.174330/04/13$12.0467$11.85$12.05$12.25$12.45$12.65$12.8531/05/13$ 12.8035March April May27/03/13$12.361230/04/13$12.1456£17.60£18.40£19.20£20.00£20.8031/05/13$19.6861March April May27/03/13$18.932530/04/13$19.1343Exchange Rates
  4. 4. The Country Risk indicates the possibilitiesthat an emerging country has to fail on thefulfillment of its obligations over externaldebt payments, whether for capital orinterests. The higher the Country Risk, thehigher the possibility to get a “default”.It is composed of three main sources:• Sovereign Risk• Transfer Risk• Generic RiskIt is measured through the use of theEmerging Markets Bond Index (EMBI)created by J.P. Morgan Chase.Source:, 2013157149154144146148150152154156158March April MayCountry RiskNote: Basis pointsCountry Risk
  5. 5. Source: Mexican Stock Exchange (BMV),, 2013The Mexican Stock Exchange (BMV) is apublic institution that operates under aconcession granted by the Ministry ofFinance (SHCP), observing the MexicanSecurities Law.Given the world tendencies and legislationchanges, the BMV has already started itsdemutualization process, but up to this dateits shareholders are authorized brokeragefirms, which own one share each.Marketable Securities• Capitals Market (Stocks, Fibras)• Capital Development Market (CKDes)• Debt Market(Government, Short, Medium and LongTerm Debt).44,077.0942,263.4841,588.3240,00040,50041,00041,50042,00042,50043,00043,50044,00044,500March27thApril30thMay31stPrice and Market Rates Index(IPC)Mexican Stock Exchange
  6. 6. Source: Mexican Central Bank,, 2013The Mexican Central Bank (Banxico) carriesout operations in the securities market inorder to regulate the liquidity of Mexico’sfinancial system.It also undertakes primary auctions ofsecurities for the government and otherpublic sector entities, and issues regulationson several financial operations of financialintermediaries.Cetes 28Zero coupon bonds denominated in MexicanPesos issued by the Mexican Government, in a28-days period.3.95%3.76%3.71%3.55%3.60%3.65%3.70%3.75%3.80%3.85%3.90%3.95%4.00%March 27thApril 30thMay 31stGovernment SecuritiesAuction’s Monthly Results(Cetes 28-days)Securities Market
  7. 7. Source: Mexican Central Bank,, 2013Inflation can be defined as a continuous andwidespread increase in goods and servicesprices.The Consumer Price Index (CPI) is thestatistical instrument that calculates inflationby continuously measuring the price changesof households’ representative basket ofgoods and services.3.55%4.25%4.65%0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%March April MayYearly Inflation Rates perMonthInflation Rate
  8. 8. Source: Mexican Central Bank, and Ministry of Finance,, 2013The Investment Unit (Unidad deInversion, UDI) is the factor (value) to beapplied to the acquisition of mortgages.The Mexican Central Bank is the responsibleauthority to publish at the Mexico’s OfficialGazette its value in Mexican Pesos for eachday of the month.4.9415124.9715244.9623444.9250004.9300004.9350004.9400004.9450004.9500004.9550004.9600004.9650004.9700004.975000March27thApril30thMay31stInvestment Unit (UDI)Investment Unit (UDI)
  9. 9. Source: Public Accountants Mexican Association, IMCP,, 2013The Economic Confidence Indicator, IMCE, isa diffusion indicator which aims to quantifythe expectation of the perceived businessclimate through more than 20,000 registeredpublic accounting to nearly 60 collegesaffiliated to Public Accountants MexicanInstitute, IMCP.The index can become one of the key leadingindicators to get a better overview of thesituation of the Mexican economy.The indicator is divided into two maincomponents, which presents the currentperception in the business climate as well asfuture perspectives. Its score is measuredthrough a range of 0 to 140 points, beinghigher values optimistic and lower valuespessimistic.Economic Confidence Indicator (IMCE)76.8574.62$74$74$75$75$76$76$77$77$78March April MayEconomic ConfidenceIndicator
  10. 10. Source: Mexican Central Bank,, 2013Known as financial assets invested abroad bythe Mexican Central Bank that can easily beconverted in means of payment.According to the Mexican Central Bank, thefollowing concepts are considered asInternational Reserves:• Foreign banknotes and coins;• Deposits, securities and stocks payableoutside of Mexico;• Loans by Central Banks payable at nolonger than six months;• The Special Drawing Rights at theInternational Monetary Fund.$165,820$167,136$167,488$164,500$165,000$165,500$166,000$166,500$167,000$167,500$168,000March27thApril30thMay31stInternational Reserves(Million USD)International Reserves
  11. 11. Address: Plateros 16 – 504, San Jose Insurgentes 03900, Mexico CityTel. Office: + 52 (55) 5339 5839Mobile: + 52 (55) 5453 6309E-mail: Web: www.nuricumbo.comSkype: nuricua BB Pin: 21BD8276Contact