Mexico's IMEF August Manufacturing Index Rises From July

Yesterday, Mexico's Institute of Finance Executives, or IMEF, announced that its manufacturing index rose in August. Up to 51.5 in August from 50.4 in July (seasonally adjusted index), the numbers continue to point to Mexico's increased economic expansion. Although economists have been cutting their estimates for Mexico's economic growth this year, largely in response to the slowdown in the U.S., where Mexico sends about 80% of its exports, foreign investment in the country is still going strong, with over 20 billion dollars in fdi predicted for this 2011.