Mexico: Manufacturing PMI is stable in July; non-Manufacturing PMI ebbs but remains in expansionary territory
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.