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The Sales Managers Index: Mexico

Released: February 21, 2017


Mexico SMI Shows Very Marginal Economic Growth

  • Market Growth Index continues to suggest very low levels of growth
  • Prices charged for goods and services increased sharply as Peso remains weak
  • Business confidence for the near term continues to dissipate

At 51.2 in February, down from 51.5 in January, the World Economics Headline Sales Managers’ Index (SMI) for Mexico edged down from the highest index reading for sixteen months reported in January. The index has remained above the ‘50.0’ level which separates growth from contraction for the last three consecutive months. The level of the index however suggests meagre levels of economic growth persist at around the 0.6% level as reported for Q4 2016. The Business Confidence Index remained stable in February at 50.9 which represents lacklustre confidence that the economic situation will improve over the next few months. The monthly Sales Growth Index registered a small contraction during the period with a level of 49.8 which reverses the two prior months of positive growth. Overall, business conditions remain challenging for Mexican companies as U.S. policies towards Mexico and NAFTA continue to cause uncertainty.



Market Growth Index


Sales Growth Index



Sales Managers' Index Trends

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



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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