Mexico: Manufacturing sentiment rises to a six-month high in December
January 2, 2013
In December, the seasonally-adjusted IMEF manufacturing index rose to 53.5 points from a revised 52.0 points in November (previously reported: 52.5 points). The reading marked the highest level recorded in six months, underscoring the resilience of the Mexican manufacturing sector. A reading above the 50-point threshold indicates that the sector is expanding.
All the five sub-categories that compose the index improved over the previous month. In particular, the sub-indexes related to supplier deliveries and inventories recorded the largest increases, and as a result, all categories are now above the 50-point threshold.
Meanwhile, the ISM Manufacturing index in the United States also gained traction in December, rising to 50.7 points from 49.5 points in November. As a result, the index is now back above the 50-point threshold, which bodes well for its Mexican counterpart going forward.