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The Sales Managers Index: Mexico

Released: April 18, 2017

Mexico’s Headline SMI Remains Stable in April

  • Headline SMI of 50.6 represents meagre economic growth
  • Prices charged for goods and services eased slightly but remains strong
  • Business confidence at very low levels as market growth stalls

At 50.6 in April, unchanged from the level in March, the World Economics Headline Sales Managers’ Index (SMI) for Mexico represents meagre levels of economic growth. The index has remained above the ‘50.0’ level which separates growth from contraction, for the last five consecutive months. However, monthly sales growth has declined for three months running which is starting to slow overall economic growth as represented by the Market Growth Index level of 49.9 in April. Business confidence has continued at low levels with an April value of 50.8 which represents lacklustre confidence and the expectation that the economic situation will only improve slightly over the next few months. Overall, business conditions remain weak for private Mexican companies as an uncertain political climate is creating a challenging business environment.

Headline Sales Managers' Index

Sales Growth Index

Prices Charged Index

Staffing Levels 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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