Mexico: Manufacturing sentiment edges up in August
September 3, 2012
In August, the manufacturing index produced by the Mexican Institute of Financial Executives (IMEF, Instituto Mexicano de Ejecutivos de Finanzas) edged up to 53.0 points from a revised 52.4 points in July (previously reported: 53.3 points). The reading was broadly in line with market expectations that had the index rising to 53.2 points and remained above the 50-point threshold that indicates that the manufacturing sector is expanding. Compared to the same month last year, the manufacturing index rose 1.4%, down from the 1.9% increase recorded in July. Three out of the five sub-indices that compose the index improved in annual terms over the previous month, in particular new orders and production.