Macro Analysis /
Global

Mexico: IMEF’s PMI surveys – A more modest advance of the economy in November

  • The manufacturing indicator stood at 50.3pts (previous: 50.7pts), with non-manufacturing at 50.1pts (previous: 51.8pts)

  • In both cases, we highlight the moderation in ‘new orders’. Meanwhile, all subcomponents in non-manufacturing declined

  • Despite of this, today’s results, as well as other information, supports our call of a recovery of activity in 4Q21

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
2 December 2021
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