Macro Analysis /

Mexico: IMEF’s PMI surveys – Lower manufacturing, with services resilient

  • The manufacturing index declined to 49.4pts (-1.8pts), dragged by ‘inventories’ (-6.1pts) and ‘new orders’ (-4.1pts)

  • Non-manufacturing fell to 51.9pts (-0.1pts), with a drop in ‘production’ (-0.9pts) but with ‘employment’ better (0.2pts)

  • Headwinds in 3Q22 are starting to become more evident, however we see signs of resilience in domestic demand

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

1 September 2022
Published byBanorte


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