The IHS Markit Mexico Manufacturing PMI ticked up to 49.4 in November 2021, from 49.3 in the previous month, but still pointed to the contraction in the country's manufacturing sector. Output decreased for the 21st month in a row, amid supply-side issues as the country faces a scarcity of raw materials. Meanwhile, high prices of fuels, energy, and transportation, have been directly impacting the prices of inputs, at a rate similar to October, around a 39-month survey high. Also, delivery times again lengthened at a near-record pace, a factor that caused falls in stocks and production. Still, demand conditions remained challenging, with the latest data showing a twenty-first successive decline in factory orders. International demand for Mexican goods also remained subdued in November, as highlighted by another decline in external sales, the contraction was the fastest since April. source: Markit Economics

Manufacturing PMI in Mexico averaged 50.66 points from 2012 until 2021, reaching an all time high of 57.10 points in December of 2012 and a record low of 35 points in April of 2020. This page provides the latest reported value for - Mexico Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Mexico Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

Manufacturing PMI in Mexico is expected to be 49.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Manufacturing PMI is projected to trend around 49.00 points in 2022, according to our econometric models.

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Mexico Manufacturing PMI


Related Last Previous Unit Reference
Manufacturing PMI 49.40 49.30 points Nov/21

News Stream
Mexico Factory Activity Continues to Contract
The IHS Markit Mexico Manufacturing PMI ticked up to 49.4 in November 2021, from 49.3 in the previous month, but still pointed to the contraction in the country's manufacturing sector. Output decreased for the 21st month in a row, amid supply-side issues as the country faces a scarcity of raw materials. Meanwhile, high prices of fuels, energy, and transportation, have been directly impacting the prices of inputs, at a rate similar to October, around a 39-month survey high. Also, delivery times again lengthened at a near-record pace, a factor that caused falls in stocks and production. Still, demand conditions remained challenging, with the latest data showing a twenty-first successive decline in factory orders. International demand for Mexican goods also remained subdued in November, as highlighted by another decline in external sales, the contraction was the fastest since April.
2021-12-01
Mexico Manufacturing Sector Continues to Contract
The IHS Markit Mexico Manufacturing PMI rose to 49.3 in October 2021, from 48.6 in the previous month, reflecting a softer contraction in the country's manufacturing sector. Output decreased for the 20th month in a row, amid reports of a lack of raw material availability, business closures and subdued sales, while new orders continued to fall due to shutdowns, weak demand and shortages of goods for sale. At the same time, vendor performance worsened at the third-sharpest pace since the survey started in April 2011, while stocks of purchases declined for a 24th month. Employment decreased again, although the pace of job shedding was moderate and softened from September. On the price front, inputs costs rose the most in just under three-and-a-half years, while output charges posted the first increase in over two years. Finally, business sentiment hit a 42-month high in October, reflecting expectations that the pandemic will recede and raw material availability will improve.
2021-11-01
Mexico Factory Activity Expands in September
The IHS Markit Mexico Manufacturing PMI posted a 48.6 in September of 2021 from 47.1 in the previous month, marking a 19th straight contraction. Output decreased at a solid pace as goods producers cited business closures, shortages of raw materials, tough market conditions, and low demand as reasons for further decline in production. Consequently, manufacturers signalled lower employment figures for the 20th month in a roll. On the other hand, data shows that cost inflation receded to an 8-month low, despite continued reports of lack of raw materials, rising freight fees, and delivery logistic issues. Looking forward, businesses are optimistic that output shall increase in the coming months due to better marketing efforts, quotations pending approval, and a rebound in demand.
2021-10-01

Mexico Manufacturing PMI
The Markit Mexico Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 400 manufacturing companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.