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Mexico PMI May 2022

Mexico: Manufacturing and non-Manufacturing PMIs ease in May

The Mexican Institute of Financial Executives (IMEF) Manufacturing Purchasing Managers’ Index (PMI) came in at 50.8 in May, down from April’s 52.4. As a result, the index remained above the 50.0 no-change mark, pointing to a continued, albeit moderating, improvement in business conditions from the previous month. Slower expansions in new orders and stock building, as well as a contraction in employment, drove May’s reading.

Meanwhile, the non-Manufacturing PMI stood at 52.5 in May, down from April’s 53.0, amid slower growth in new orders, output and employment. Taken together, the PMI figures for April and May suggest moderate economic growth in the second quarter.

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