Mexico | Multidimensional Manufacturing Index

The Multidimensional Manufacturing Index (MMI) is a barometer of the production in this sector that parsimoniously captures information from a broad set of variables that reflects activity in the value chains between Mexico and the US.

Key points

• Key points:
• From a principal component analysis, the index is derived as the forecast of the year on year variation of manufacturing production in the country.
• The July data from the IMM indicates a slowdown in industrial production towards 2H22, in a context of high inflation and a more restrictive monetary policy.
• The IMM contributes to the timely study of manufacturing activity, anticipating in one month the movements of the official indicator for this segment.

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