Jalisco closes higher exports nationwide

Overseas sales grew 4%, with the electronics industry consolidated. Although total exports suffered a decrease by declining oil sales abroad, in Jalisco the external sector was favorable, as it grew 4% being the most established electronic industry, the Chamber of Commerce of Guadalajara (CANACO) reported. The business organization presented its results for the year and expectations for 2016 and stressed that the Bank ranked fourth in production of the country, only behind the Federal District, State of Mexico and Nuevo Leon.

The State contributes 6.5% of overall production, leading the country in primary activities, which include the sectors concerned with natural resources, with 12.6% of the total. In addition, our State managed to place fourth in foreign direct investment (FDI), with one thousand 907 million dollars, which represents 8.8% national total, just below the Federal District, State of Mexico and Nuevo Leon. Meanwhile, the CANACO stressed that during 2015, 948,000 new jobs were created formal employment in the country, of which 85,000 are from Jalisco, so the goal of 70 000 that had been planned was exceeded. If this continues, it is expected that next year this barrier is overcome. In tourism, Puerto Vallarta was above the national average, with growth of 11.4% over the previous year. The best month for Guadalajara was October, which was located above the average occupation. The CANACO said that 2016 will be a year of challenges in economic, but is confident that Jalisco increase its GDP by 3.5%.

To achieve this, they said, they should be closely monitored factors such as the continuing trend of depreciation of the peso against the dollar and the low recovery of oil prices.

Source: MéxicoXport