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Mexico PMI February 2023

Mexico: Manufacturing PMI rises to 10-month high in February

The Mexican Institute of Financial Executives (IMEF) Manufacturing Purchasing Managers’ Index (PMI) rose to 51.3 in February from January’s 50.2. As a result, the index moved further above the 50.0 no-change threshold, signaling a faster improvement in manufacturing sector operating conditions compared to the previous month.

The headline print reflected faster expansions in employment, new orders and output. The non-Manufacturing PMI clocked in at 52.9 in February, up from January’s 52.6, also driven by faster growth in employment, new orders and output. Taken together, PMI data across sectors for January and February points to an ongoing mild expansion in GDP.

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