Macro Analysis /
GlobalMexico: IMEF’s PMIs – Positive results in both components in May
Both manufacturing (52.3pts) and non-manufacturing (53.6pts) were higher, suggesting strength in the month
In the former, all components were higher except ‘deliveries’. In the latter, gains were broad, but ‘employment’ lagged
The report signals that the recovery continued, especially for non-manufacturing, with some risks for the other sector
Juan Carlos Alderete Macal
Director of Economic Research @ Banorte
Francisco Jose Flores Serrano
Senior Economist, Mexico @ Banorte
1 June 2021
Published byBanorte
