The economy of Yucatan advances more than the others



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Sustained growth

According to the quarterly indicator of economic activity of the State of Inegi, during the first quarter of the year, Yucatán has increased by 3.1% compared to the first quarter of 2017, maintaining a very positive pace. of the state government.

During this same period, the average of the other entities increased by 1.4%; that is, the Yucatan economy is more than double the average growth of the other states.

According to figures released by Inegi, this growth of 3.1% means that Yucatan continues with a growth rate of more than 3% for eight of the last nine quarters

Now this first quarter of 2018 shows that Yucatan manages to keep pace despite the fact that other entities have less consistent results.

In total, between 2014 and 2017, the state's economy grew at an average rate of more than 3.5% per quarter, while the national average was 2.2%.

On the other hand, industrial growth continues to be the main driver of economic activity in Yucatan. 19659003] The secondary sector, which includes industrial activities, construction, energy and mining, grew by 6.4% in the entity, while national growth was in CIF. This situation places the Yucatan among the six entities that have experienced the greatest industrial advance in the first quarter of the year.

In particular, Yucatán was ranked among the top five entities with the highest dynamics in the construction sector, with growth of 20% in the first three months of the year.

Also the tertiary sector, which accounts for more than 60% of total economic activity in the state, showed good results in early 2018.

This sector, which includes services, trade and professional and technical activities, grew at a rate of 2%, at the same level as national growth.

In addition to this important economic development, work, business and constructive prospects are positive; it is estimated that this advance will continue for the rest of the year and for the next few years.

Government Growth

Between 2014 and 2017, the Yucatan economy grew at a rate exceeding 3.5% quarterly.

Companies

In recent days, the head of state recalled that his administration for nearly six years led a new industrial generation, which allowed to maintain a national leadership in the manufacturing sector, and has also created favorable conditions for the arrival of more companies.

Another Arrival

An example is Uchiyama Group, a leading Japanese stamp producing company for the automotive sector, which plans to plant a plant in the state, which would be the first to Mexico

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