(MENAFNEditorial)
BMI remains optimistic toward Mexico's long-term growth outlook on the back of a booming manufacturing sector an increasingly strong private consumer and favourable demographics. As a result we retain a cautious optimism towards the country's shipping sector. Mexico's real GDP growth will accelerate in 2015 driven by an improvement private consumption stronger growth of manufacturing exports and a recovery in public investment. Furthermore we expect an uptick in private fixed investment into the country's recently liberalised energy sector as the first oil licensing round begins in H115. We believe real GDP growth in Mexico bottomed in H114 coming in at 1.7% year-on-year (y-o-y) and expect the economy to sustain a recovery in the coming quarters. We forecast real GDP growth of 3.7% in 2015.
Full Report Details at
- http://www.fastmr.com/prod/924229_mexico_shipping_report_q1_2015.aspx?afid=101
Following ongoing contractions in the construction sector and a slump in the growth of exports of manufactured goods in late 2013 and early 2014 due to weather-related disruptions to production we expect economic activity to reaccelerate in the coming months. Stronger public investment into infrastructure after a government transition last year resulted in spending delays will ensure the construction sector recovers from the contraction it experienced in 2013.
Ongoing signs of stronger US consumption bode well for Mexico's manufacturing sector and we expect manufactured goods especially those related to the autos segment to pick up in the coming quarters. An improvement in construction and manufacturing will bolster labour dynamics which underpin our expectations for private consumption growth to accelerate both in 2015.
Headline Industry Data
* Port of Manzanillo total tonnage growth in 2015 forecast to be 7.2% reaching 32.8mn tonnes.
* Port of Veracruz total tonnage growth in 2015 forecast to be 7.2% reaching 22.7mn tonnes.
* Mexico trade real growth forecast at 5.5% in 2015.
Key Trends And Developments
Lázaro Cárdenas To Strengthen Role In Mexico And...
The Mexico Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'s independent forecasting critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news trends and regulatory developments in Mexico.
BMI's Mexico Shipping Report provides industry professionals and strategists sector analysts business investors trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Mexico.
Key Benefits
* Benchmark BMI's independent shipping industry forecasts for Mexico to test other views - a key input for successful budgeting and strategic business planning in the Mexican shipping market.
* Target business opportunities and risks in Mexico through our reviews of latest industry trends regulatory changes and major deals projects and investments.
* Exploit the latest competitive intelligence and company SWOTS on your competitors and peers including multinational and national companies.
Coverage
BMI Industry View
Summary of BMI's key industry forecasts views and trend analysis covering shipping major investments and projects and significant multinational and national company developments.
SWOT Analysis
SWOT (Strengths Weaknesses Opportunities and Threats) analysis of the state's shipping sector which carefully evaluates the short- and medium-term issues facing the industry.
Market Overview
Analysis of the capacity terminals and planned development of the major ports in each country including data on throughput and total tonnage.
Industry Forecast Scenario
Historic data series (2008-2012) and forecasts to end-2018 for all key industry and macroeconomic indicators (see list below) supported by explicit assumptions plus analysis of key downside risks to the main forecast including:
Major port freight throughput (tonnes/teu); overall freight throughput (teu); total imports (US$bn) and exports (US$bn).
Company Profiles
Company profiles include business activities leading products and services company strategy trends and developments and economic performance analysis.
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