Mexico: IMEF’s PMI surveys – Further signs of improvement in March

  • The manufacturing index rose to 52.3pts (+1.3pts), driven by ‘new orders’ and ‘employment’

  • Non-manufacturing was also better at 52.8pts (+1.7pts), with all items above or in line with the 50pts threshold

  • Performance has been better than expected, suggesting sequential growth for the economy in 1Q22

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