5,432 New Cases, 648 Deaths Since Yesterday

The Ministry of Health reported 648 new deaths from COVID-19 bringing the total to 27,769 nationwide. There are 226,089 positive cases, after a further 5,432 confirmations were added since yesterday.

Active cases amount to 23,782.

Director of Epidemiology José Luis Alomía said cases rose 2.5 percent since yesterday, something that was already expected by health authorities. During today’s briefing in National Palace he also reported there are 72,041 accumulated suspected cases.

Mexico City leads states in confirmed cases with 48,104, the State of Mexico follows with 34,253 while Tabasco’s numbers are still increasing and is now in third place with 10,673. In deaths, Mexico City and State of Mexico are on top followed by Baja California.

Global confirmed cases are nearing 10.5 million while the virus has claimed half a million live, according to Johns Hopkins University.

As of Tuesday, June 30

5,432     new cases (from yesterday)

226,089 confirmed cases nationwide

72,041   under investigation

27,769   deaths

Impact on markets (19.30 hrs)

US Dollar              MX$22.95            (-0.66%)

BMV IPC               37,716.43             (-0.14%)

Dow Jones          25,812.88             (0.85%)

Tax collection drops

A sharp plunge in oil revenues and in the collection of Value Added Tax (VAT) caused a 23.1 percent drop in budget revenues during May, after amounting for MX$326.85 billion. May’s results were dragged down after oil revenues collapsed 89.8 percent in real terms and VAT fell 36.5 percent, compared to last year’s results, according to the Ministry of Finance (SHCP).

Alcalde calls for labor agenda in USMCA

The USMCA trade treaty entry into force will improve wages and conditions for Mexican workers, Minister of Labor (STPS) Luisa María Alcalde said. During a forum, Alcalde highlighted that the labor agenda is a key element for the regional trade agreement. “We are going through the implementation of a labor reform quickly and in a coordinated manner, making all necessary changes so workers can choose through their personal, free, direct and secret vote, who will represent them,” she said.

Mining plunges

After suspension of operations in the face of the COVID-19 pandemic, the mining-metallurgical production in Mexico decreased 25.1 percent in real terms  during April, compared to the same month last year, INEGI has reported. This index, that includes extraction, processing and refining metallic and non-metallic minerals decreased by 24.4 percent, based on seasonally adjusted figures in the fourth month of 2020.

Volkswagen complies with STPS

Volkswagen approved the inspection carried out by the Ministry of Labor (STPS) on safety and hygiene protocols, the German auto firm stated. "It was an inspection with a 100 percent approval, we received good feedback from the STPS,” Communication head Mauricio Kuri said.

Mexican crude has best quarter

The Mexican crude basket recorded its best quarter since prices are recorded after rocketing 218.5 percent, going from US$10.76 per barrel at the end of March, to US$34.28 at the end of June, according to Bloomberg data. It was a major recovery after poor demand led prices into negative terrain for the first time in history in late April.

Pesos loses 3.3 percent in June

The peso appreciated 0.67 percent this Tuesday against the US dollar on Tuesday, after ending today’s trading at MX$22.95 units according to Banxico. In the sixth month of 2020 the Mexican currency recorded a 3.3 percent contraction.