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The Sales Managers Index: Mexico

Released: January 17, 2017

Mexico SMI Shows Meagre Economic Growth in January

  • Market Growth Index continues to suggest low levels of economic growth
  • Prices charged for goods and services increased sharply as Peso remained weak
  • Business confidence for the short term continues to dissipate

At 51.5 in January, up from 50.6 in December, the World Economics Headline Sales Managers’ Index (SMI) for Mexico edged up to the highest index reading for sixteen months and has now been above the ‘50.0’ level which separates growth from contraction for two consecutive months. The level of the index however suggests meagre levels of economic growth. Business confidence, as expressed by the Business Confidence Index, peaked in October but has since faded to 50.9, suggesting that sales managers are starting to lose faith that business conditions are likely to pick up significantly in H1. The monthly Sales Growth Index registered a small uptick of 0.5 in January and a continuation of the overall trend for the past five months, however the level is still low and representative of the overall economic outlook of very low growth. Overall, business conditions remain challenging for Mexican companies at the start of the New Year and managers have expressed little expectation that conditions are likely to significantly improve.

Market Growth Index

Sales Growth Index

Sales Managers' Index Trends

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