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Mexico PMI April 2023

Mexico: Manufacturing PMI rises in April; non-manufacturing PMI dips

The Mexican Institute of Financial Executives (IMEF) Manufacturing Purchasing Managers’ Index (PMI) rose to 50.6 in April from March’s 49.6. Consequently, the index rose above the 50.0 no-change threshold, signaling an improvement in manufacturing sector operating conditions from the previous month. The headline print reflected rebounds in new orders and output.

The non-Manufacturing PMI clocked in at 52.2 in April, down from March’s 53.5 on slower growth in new orders, output and employment. Taken together, the PMI readings suggest a loss of momentum at the outset of Q2, following Q1’s strong economic expansion.

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