Mexico: Manufacturing PMI eases in July; non-manufacturing PMI improves
Latest reading: The Mexican Institute of Financial Executives (IMEF) Manufacturing Purchasing Managers’ Index (PMI) came in at 45.5 in July, down from June’s 47.6. As such, the index fell further below the 50.0 no-change threshold, signaling a sharper deterioration in manufacturing sector operating conditions compared to the previous month. The headline print reflected faster deteriorations in output, new orders and job creation.
Meanwhile, the non-Manufacturing PMI clocked in at 49.1 in July, up from June’s 48.7. This indicates a softer deterioration in non-manufacturing conditions compared to the previous month.