Mexico PMI


Manufacturing sentiment rises to a six-month high in December

In December, the seasonally-adjusted IMEF manufacturing index rose to 53.5 points from a revised 52.0 points in November (previously reported: 52.5 points). The reading marked the highest level recorded in six months, underscoring the resilience of the Mexican manufacturing sector. A reading above the 50-point threshold indicates that the sector is expanding.

All the five sub-categories that compose the index improved over the previous month. In particular, the sub-indexes related to supplier deliveries and inventories recorded the largest increases, and as a result, all categories are now above the 50-point threshold.

Meanwhile, the ISM Manufacturing index in the United States also gained traction in December, rising to 50.7 points from 49.5 points in November. As a result, the index is now back above the 50-point threshold, which bodes well for its Mexican counterpart going forward.


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Mexico PMI Chart

Mexico PMI December 2013

Note: Composite index in the manufacturing report on business (PMI) for the U.S. and seasonally-adjusted manufacturing index for Mexico. Readings above 50 points indicate an expansion in the manufacturing sector while readings below 50 points indicate to a contraction.
Source: Institute for Supply Management (ISM) and Mexican Institute of Financial Executives (IMEF, Instituto Mexicano de Ejecutivos de Finanzas).

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