President Enrique Peña Nieto led the International Nursing Day ceremony at the 20 de Noviembre National Medical Center.
During the event, he highlighted the four vital signs of the economy, demonstrating the country’s stable development.
“The Mexican economy is healthy and increasingly strong.”
The Signs of Mexico
1. Economic growth: According to figures from INEGI (National Institute of Statistics and Geography), the economy grew by 2.9 percent in the first quarter and has not grown more because the fall in oil prices has negatively impacted the growth of this sector.
The past two years have shown consistency, with growth of over 3 percent.
2. Employment: 82,562 formal jobs were created last April, 17,500 more than in April 2015. Employment is growing at an annual rate of 3.6%, faster than the economy.
3. Consumption: The economy is more dynamic. Sales reported by the ANTAD (National Association of Supermarkets and Department Stores) for April show 10.1 percent annual growth for similar stores and 13% for total stores. This indicates that Mexicans have greater consumption capacity.
That same month, vehicle sales grew more than 20 percent.
4. Inflation: The National Institute of Statistics and Geography (INEGI) released figures for April of 2.54%, the lowest rate for this month since 1970, when inflation began to be measured on a monthly basis.
"The government is working to achieve the goal of welfare for Mexican society, and for there to be quality of life and greater opportunities for our society.”