The boom in automotive jobs has been an important factor in bringing unemployment down in San Luis Potosí. In the last quarter of 2016 the state recorded the lowest ever unemployment level for the state and the fourth-lowest level in Mexico at 1.97%. As of January 2017 approximately 400,000 people were employed in the formal labour market....
Agriculture may never be able to compete with the manufacturing industry as a proportion of GDP, simply due to the relative volumes involved, but this does not detract from the importance of the sector in San Luis Potosí’s economic development.
Nuevo León hosts a number of quality higher education institutions, some of which frequently appear at the top of both national and international rankings. With such a strong educational base, the state is able to advance research and development (R&D) and innovation, bringing with it numerous benefits for the development of the local...
Responding to the implementation of sweeping energy reforms at the federal level, Nuevo León undertook to create an energy cluster to ensure intra- and inter-sector coordination, address emerging challenges and take advantage of upcoming investment opportunities.
The liberalisation of energy is set to open up vast opportunities in Mexico’s downstream petrochemicals segment. The 2016 commissioning of the Etileno XXI petrochemicals complex in Veracruz state, a $5.2bn joint venture between Brazil’s Braskem (75%) and Mexico’s Grupo Idesa (25%), was a crucial milestone for the much-delayed expansion of the...
In January 2017 Ford Motors announced it would cancel its proposed $1.6bn investment in a new assembly plant for its Ford Focus model in the Mexican state of San Luis de Potosí (see analysis). International media reported that Mark Fields, CEO of Ford Motors, stated that the decision was based, in part, on the fact that falling demand for...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×