Manufacturing sector in Mexico growths the third month in a row

Growth in the manufacturing sector of Mexico is going for the third month in a row. It accelerated a little in November.

In October, S&P Global Mexico Manufacturing PMI was 50.3 given the seasonal variation. In November, it again crossed the key level of 50, dividing growth from reduction, and reached a point of 50.6. 

According to the Economics Associate Director at S&P Global Market Intelligence Pollyanna De Lima, demand for Mexican goods recovers weakly. It has been shown in recent polls. This situation occurs because companies have incurred additional expenses and didn’t raise prices to increase sales.

The survey shows that the November indicator is above 50.0 mainly due to the growth in sales and the creation of new jobs. However, production costs are still quite high despite the reduction in inflationary pressure.