Macro Analysis /
Global

Mexico: IMEF’s PMI surveys – Flirting with contraction in September

  • The manufacturing index fell to 49.8pts from 50.8pts, dragged by ‘inventories’, ‘new orders’ and ‘production’

  • The non-manufacturing indicator was more modest by falling 0.3pts to 50.1pts, highlighting weaker ‘production’

  • The report suggests the outlook was still challenging at the end of 3Q21, although we remain optimistic going forward

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 October 2021
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