Macro Analysis /

Mexico: IMEF’s PMI surveys–Moderation in June, with manufacturing in contraction

  • The manufacturing PMI fell to 49.2pts (-1.6pts). Weakness centered in ‘production’ (-4.3pts) and ‘new orders’ (-2.9pts)

  • Non-manufacturing also declined to 51.8pts (-0.3pts), with all items down except ‘employment’ (+0.3pts)

  • These results suggest that activity grew more modestly in 2Q22, in line with our view, and maintaining an upward trend

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

1 July 2022
Published byBanorte


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