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Mexico’s monthly economic analysis reveals the country’s facing economic recovery

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MEXICO CITY, 2 March, 2021 (TON): On Monday Mexico’s monthly economic analysis revealed that its economy is facing a fragile and hesitant recovery.

On Monday, the Mexican Institute of Financial Executives (IMEF) said that its manufacturing indicator declined 0.3 points in February to 49.1 units, staying in the contraction zone for 21 consecutive months, media reported.

"February's IMEF indicator results suggest that during the second month of the year, economic activity remained sluggish," said the institute, which consists of financial leaders of major companies. The IMEF's index that measures activity in the service sector, rose 1.1 points in February to 49.4 units, but remained in the contraction zone for the 13th month in a row.

Meanwhile, it seems to be optimism growing regarding a global economic recovery, mainly due to the advances in the vaccination process against the pandemic in several countries.

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