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Market Update: Mexico Business Conditions Broadly Stabilise in July
The IHS Markit Mexico Manufacturing PMI went up to 49.6 in July of 2021 from 48.8 in the previous month, approaching the 50.0 no-change mark. The latest reading highlighted tentative signs of a recovery in the health of the Mexican manufacturing industry, with production declining at the slowest rate in the current 17-month sequence of contraction amid a softer fall in sales. Concurrently, jobs decreased only fractionally and business sentiment strengthened. Input costs continued to rise amid ongoing supply-chain disruptions. The rate of inflation was the fastest in three years. Finally, businesses became more optimistic towards the 12-month outlook for production, with the overall degree of confidence the strongest in one-and-a-half years. source: Markit Economics [/s2If]
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