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The Sales Managers Index: Mexico

Released: March 21, 2017


Mexico SMI Shows Higher Inflation and Stagnant Economic Growth

  • Prices charged for goods and services accelerated to a higher rate in March
  • Market Growth Index slows to meagre levels of growth
  • Business confidence stalls as monthly sales fall

At 50.6 in March, down from 51.2 in February, the World Economics Headline Sales Managers’ Index (SMI) for Mexico edged down further suggesting the economy is growing at only a meagre rate. The index has remained above the ‘50.0’ level which separates growth from contraction, for the last four consecutive months but the growth in monthly sales is now starting to decline, which will slow overall economic growth if this trend continues. The Business Confidence Index slowed in March to 50.3 which represents lacklustre confidence that the economic situation will improve over the next few months. The Market Growth Index registered a fall in the index level of 0.7 points during the period and now stands at 50.1. Overall, business conditions remain weak for Mexican companies as uncertain policies from the U.S. towards Mexico and NAFTA continue to cause insecurity.



Headline Sales MAnagers' Index


Sales Growth Index



Sales Managers' Indexes Trends

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