Mexico's Economy Still on Growth Track in 2022
The manufacturing indicator in Mexico rose 0.5 point in November from the previous month to 50.5 points, in line with global volatility, the Mexican Institute of Finance Executives (IMEF) said.
Meanwhile, the IMEF non-manufacturing indicator, referring mainly to the service sector, accelerated in November from 51.7 to 53.4 points, rising for the 10th straight month in the expansion zone, it said.
"The IMEF manufacturing and non-manufacturing indicators for the month of November registered an increase again, thus maintaining the trend of a slight expansion at the close of the year," it said.
However, the IMEF warned that global growth prospects continue to deteriorate, with manufacturing indicators in the United States and the Eurozone in contractionary territory.
The Mexican economy saw higher growth in the third quarter than in the previous period, with the construction and tourism sectors standing out.
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