2014-03-17 06:04:01 - Mexico Freight Transport Report Q1 2014 - a new market research report on companiesandmarkets.com
We have revised up our real GDP growth forecasts for Mexico from 3.5% to 3.9% in 2014. The latest release of GDP data show that manufacturing in Mexico grew 2.9% year-on-year during the third quarter of 2013. In addition to favourable data out of the US, Mexico´s key export market, we note that autos manufacturers Chrysler and Nissan have indicated plans to expand manufacturing capacity at their plants in Mexico. Although we estimated real GDP growth of just 1.6% for Mexico in 2013, we expect an acceleration in economic growth in 2014, underpinned by a recovering manufacturing sector and a pick-up in fixed investment, following earlier delays.
Air freight tonnes forecast to grow 3.6% in 2014, to reach 107.9mn tonnes.
tonnes forecast to grow 2.3% in 2014, to reach 522.108mn tonnes.
Rail freight tonnes forecast to grow 4.2% in 2014, to reach 120.157mn tonnes.
Port of Manzanillo total tonnage growth in 2014 is estimated to hit 4.4% growth to reach 22.5mn tonnes.
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