Macro Analysis /
Mexico

IMEF’s PMI surveys – Slight uptick in services in May, but still in deep contraction

    Juan Carlos Alderete Macal
    Juan Carlos Alderete Macal

    Director of Economic Research

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    Francisco Jose Flores Serrano
    Francisco Jose Flores Serrano

    Senior Economist, Mexico

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    Banorte
    1 June 2020
    Published byBanorte
    IMEF Manufacturing PMI (May, sa): 39.2pts; Banorte: 41.2pts; consensus: 41.1pts; previous: 41.0pts. IMEF Non-manufacturing PMI (May, sa): 38.0pts; Banorte: 38.1pts; consensus: 36.9pts; previous: 35.6pts.