Job creation in the manufacturing sector rebounded: Inegi

The manufacturing sector, one of the most important in the country's economy, had a rebound in job recovery in February 2022. However, salaries and benefits do not change favourably.

According to the Monthly Survey of the Manufacturing Industry (EMIM) prepared by the National Institute of Statistics and Geography (Inegi), total employed personnel in the manufacturing sector increased by 0.4% at a monthly rate. The number of workers grew by 0.7% and that of employees by 0.2%.

In February 2022, at an annual rate and with seasonally adjusted figures, total employed staff grew 2.8%, hours worked 3.5% and real average remuneration fell 0.9%.

Inegi explained that compared to January 2022, hours worked increased by 0.3% and actual average remuneration paid, which includes salaries, salaries and social benefits, amounted to 0.5% at the monthly rate.

In a disaggregated manner, wages paid to workers grew 0.9%, wages paid to employees 0.4% and social benefits decreased 0.2% in their monthly comparison.

Of the 21 activities that make up the manufacturing industry, 16 reported an increase in their payroll, including: the manufacture of transport equipment (1.4%); the manufacture of computer, communication, measurement and other electronic equipment, components and accessories, (increase of 1.3%); the manufacture of metal products, 1.1%; and such as the manufacture of machinery and equipment, 1.0 per cent.

These activities involve around 40% of the staff employed in the sector.

In contrast, the activities that reported a decline during last February were: the manufacture of textile products, except clothing with a monthly decrease of 1.4%; the manufacture of garments, -1.0%; the wood industry and the manufacture of petroleum and coal products, -0.5% respectively; and such as the manufacture of textile inputs and textile finishing, -0.05%. In total, these activities account for 5.6% of employment in the manufacturing sector.

On April 12, Inegi reported that during the month of February, the mining, construction and electricity generation sectors decreased their productivity by 1% monthly and in real terms compared to January, according to the Monthly Industrial Activity Indicator (IMAI).

Among the sectors that reported the greatest decline in the second month of the year were mining (6.6%), construction (1.5%), electricity generation, transmission and distribution, as well as water and gas supply (0.5%). On the contrary, manufacturing industries advanced 0.6%.

Other activities that registered a decrease were oil and gas extraction (1.3%); textile manufacturing (-2.2%) and the wood industry (-0.5%). On the other hand, the paper industry, the manufacture of petroleum and coal products, as well as the manufacture of furniture and mattresses recorded growth of 9.8, 19.9 and 11.9 per cent, respectively.

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