Mexico city at goldenhour

Mexico PMI October 2023

Mexico: Manufacturing and non-Manufacturing PMIs recede in October

The Mexican Institute of Financial Executives (IMEF) Manufacturing Purchasing Managers’ Index (PMI) fell to 50.5 in October from September’s 51.1. October’s result marked the weakest reading since May. As a result, the index remained above the 50.0 no-change mark, but pointed to a softer improvement in manufacturing sector operating conditions from the previous month. The headline print reflected weaker growth in output and new orders.

Meanwhile, the non-Manufacturing PMI stood at 52.2 in October, down from September’s 52.9, on weaker growth in employment, output and new orders.

Taken together, the PMI data points to ongoing—albeit slower—economic growth in Q4 relative to Q3, which is in line with our panelists’ forecasts.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest