Mexico: Confidence in manufacturing falls back into contraction territory

The seasonally-adjusted manufacturing indicator published by Mexican Institute of Finance Executives (IMEF) fell to 49.3 points in October (September: 50.4 points). The result, which came in below the 50.4 points the market had expected, marked the first fall in the index after three consecutive months of improvement. The index is again below the 50-point threshold that separates contraction from expansion in the manufacturing sector.

Read more about Mexican PMI.

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