Macro Analysis /
Global

Mexico: IMEF’s PMI surveys – A better start for activity in 4Q21

  • The manufacturing index rose to 50.7pts from 49.9pts, boosted by ‘new orders’, ‘production’ and ‘employment’

  • Non-manufacturing was stronger by 1.7pts to 52.1pts, highlighting dynamism in ‘new orders’ and ‘production’

  • In line with our expectations, figures point to a stronger 4Q21 after the sequential decline in the previous quarter

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
1 November 2021
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