BUSINESSTHE RIO TIMES
Mexico Productivity Stalls, Clouding Its Nearshoring Promise
Mexico's productivity stagnated in the first quarter with a 0.1% decline and annual growth of just 0.1%, while output per hour worked remains near 2009 levels. Productivity in factory and industrial work fell 1.2% over the year, despite an increase in the minimum wage.
Related Signal
Adjacent reporting
- German Industrial Production Unexpectedly Falls for Second Month
- US Productivity Growth Cools on Rebound in Hours Worked
- French economy contracts by 0.1% in first quarter
- UK unemployment shows surprise fall to 4.9% as pay growth drops to lowest in five years
- Canada slips into technical recession as economic growth stalls in 1st quarter
- US Industrial Production Fell in March in Broad Decline