Production and workforce decrease initiated in manufacturing sector during the second half.
In a recent data release, it was revealed that the manufacturing sector in Mexico experienced a mixed bag of results in July last year.
The employment landscape showed a slight decline, with a 0.2% decrease in the total workforce. This drop was more pronounced among dependent personnel of the legal entity, who saw a 0.2% decrease, compared to a 2.1% decrease among independent personnel.
However, it's important to note that the government or institution that published these figures was not explicitly identified in the provided search results.
In terms of remuneration, there were some positive developments. The real average remunerations paid to both independent and dependent personnel increased. Independent personnel saw a 0.3% increase, while their counterparts in the legal entity enjoyed a 0.7% rise.
Breaking down the data by sector, the manufacturing sector as a whole registered a 2.7% decrease in production. However, within this sector, there were some bright spots. The manufacturing of petroleum and coal derivatives saw a 3.0% decline, while the printing and related industries, as well as the paper industry, both experienced a 1.2% and 1.0% decrease, respectively.
On the positive side, the manufacture of other products, such as those related to the automotive industry, saw an increase in production. Salaries paid to workers and technicians in production rose by 1.0%, and those paid to administrative, accounting, and management employees also increased by the same percentage.
The hours worked by the total occupied personnel in manufacturing industries decreased by 0.2%, indicating a potential shift towards productivity improvements rather than increased output.
Finally, it's worth mentioning that consultations for the review of the USMCA have begun and will last 60 days in Mexico. This review could potentially impact the manufacturing sector and employment trends in the future.
On a more accessible note, our website is now accessible on WhatsApp, making it easier for readers to stay informed about the latest news and trends in the industry.
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