Mexico: Manufacturing and non-Manufacturing PMIs ease in November
The Mexican Institute of Financial Executives (IMEF) Manufacturing Purchasing Managers’ Index (PMI) fell to 50.3 in November from October’s 50.7. As such, the index remained above the 50-threshold, pointing to a continued, albeit moderating, improvement in business conditions from the previous month. The reading was driven by weaker new orders growth and a contraction in employment, which more than offset faster production growth.
Meanwhile the non-Manufacturing PMI declined from 51.8 in October to 50.1 in November due to weaker readings for new orders, production and employment.