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The Sales Managers Index: Mexico

Released: December 20, 2016

Mexico SMI Shows Slow-and-Steady Economic Growth

  • Monthly Sales Index grows to highest level in 11 months
  • Market Growth Index continues above 50.0 for third time in 9 months
  • Prices charged for goods and services increase sharply as Peso remains weak

At 50.6 in December, up from 49.2 in November, the World Economics Headline Sales Managers’ Index (SMI) for Mexico edged up to the highest index reading for ten months and is now above the ‘50.0’ level which separate growth from contraction. Business confidence, as expressed by the Business Confidence Index, had been growing from a six month low to a peak in October but the result of the US presidential election has weighed heavily on businesses, causing the value of the index to fall to a level that suggests a subdued outlook. Monthly sales are growing very slowly and prices charged held steady in December as the Peso remains at a weak level. Overall, business conditions remain challenging for Mexican companies as developments in the United States effect conditions.

Market Growth Index

Sales Growth Index

Sales Managers' Index Trends

  Direction Speed
SMI Falling Very slowly
Business Confidence Growing Slowly
Market Growth Growing
Very slowly
Sales Output Falling Slowly
Prices Charged Falling Modestly
Staffing Levels Falling Modestly

Prices Charged Index

About Mexican SMI Data

The Sales Managers Index provide the earliest monthly data on the speed and direction of Mexican economic activity.

Key advantages of the Mexico SMI:
  • The SMI provides the first indication each month of the speed and direction of economic growth in Mexico.
  • The SMI provides the most complete indication of growth, covering all private sector activity.
  • The SMI is based on a key occupational group - uniquely able to sense changes in business activity levels.
  • The SMI is composite index of business confidence, market growth, sales, prices charged and staffing levels.
  • The SMI is a diffusion index, any index value above 50 indicates growth and below 50 indicates contraction.

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