Strong future expectations signal potential rebound as automotive and medical sectors prepare for growth.
Many components contracted less while some stayed flat.
Almost all indicators are down or flat compared to last month.
Future business expectations still improving, but more slowly.
July’s moldmaking index accelerated contraction for the third month in a row, though the magnitude was considerably less than last month.
June’s moldmaking index took a relatively steep downward turn, landing at a new low for the year.
May’s moldmaking index took a downward turn, departing from what had been a five-month path of slowing contraction, inching toward flat.
April’s moldmaking index contracted again but continued to inch toward a reading of 50 — the hurdle to cross before entering expansion.
While still contracting, March’s moldmaking index is back on track, albeit at a slower pace, to potentially cross back over into expansion territory.
February’s index dropped from the more positive readings seen in January, landing on par with July 2023 and remaining in contraction mode.
January index reading reflects February-March 2023 readings as it slinks toward a reading of 50. There are high hopes that it may continue on this path to sustained expansion for 2024.
The moldmaking index almost bounced back to November’s reading but stopped one point shy, as most components slowed or stabilized contraction in December.
Mexican Media Brands