Mexico | Multidimensional Manufacturing Index

Summary

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.

Geographies

Topics

Tags