Mexico: Manufacturing PMI is stable in July; non-Manufacturing PMI ebbs but remains in expansionary territory
August 2, 2021
The Mexican Institute of Financial Executives (IMEF) Manufacturing Purchasing Managers’ Index (PMI) came in at 52.2 in July, matching June's 52.2. As a result, the index remained above the 50-threshold and thus indicated an expansion in activity. Slightly slower growth in production and new orders was offset by faster growth in employment and stocks of inputs.
Meanwhile, the non-Manufacturing PMI came in at 52.9 in July, compared to 54.0 in June, amid slower growth in output and new orders—potentially influenced by the surge in Covid-19 cases linked to the Delta variant.
Author: Oliver Reynolds, Economist