Mexico Manufacturing PMI

The IHS Markit Mexico Manufacturing PMI fell to 49 in August 2019 from 49.8 in July. The reading pointed to the steepest contraction in factory activity since series began, as new orders dropped for the third straight month and at the fastest pace on record amid lower sales, market conditions and problems in the auto sector. Also, input buying continued to decline mostly due to challenging market conditions and destocking initiatives. Additionally, employment fell mainly due to cashflow issues and the non-renewal of temporary contractors. Meanwhile, new export work rose for the first time in three months linked to higher sales to Europe, the US and Latin America. On the price front, input price inflation picked up to a seven-month high boosted by cost of chemical, foodstuff, metal and plastic and currency depreciation while output price inflation slowed. Lastly, sentiment improved as firms were hopeful of better market conditions, investment, product diversification and demand. Manufacturing PMI in Mexico is reported by Markit Economics.

Manufacturing PMI in Mexico is expected to be 49.30 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Mexico to stand at 50.90 in 12 months time. In the long-term, the Mexico Manufacturing PMI is projected to trend around 49.50 in 2020, according to our econometric models.

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Mexico Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	49.70	49.40	58.60	34.00	Index Points	[+]
Manufacturing PMI	49.00	49.80	57.10	49.00		[+]
Industrial Production	-1.70	-2.90	23.82	-17.50	percent	[+]
Industrial Production Mom	-0.40	1.00	8.50	-8.00	percent	[+]
Manufacturing Production	3.02	-0.83	18.26	-17.74	percent	[+]
Capacity Utilization	81.10	81.50	82.50	74.10	percent	[+]
Changes in Inventories	185467.00	179436.00	280468.77	49272.84	MXN Million	[+]
Total Vehicle Sales	62669.00	63912.00	127604.00	6318.00		[+]
Car Production	337.46	292.64	381.99	35.61	Thousand Units	[+]
Car Registrations	62669.00	63912.00	127604.00	6318.00		[+]
Leading Economic Index	-0.90	-0.40	12.60	-11.00	percent	[+]
Internet Speed	7538.43	7213.58	7538.43	949.27	KBps	[+]
IP Addresses	13309655.00	13057425.00	14700484.00	4009120.00	IP	[+]
Mining Production	-7.46	-5.55	45.30	-25.22	percent	[+]
Private Investment	-8.80	-7.40	33.10	-41.90	percent	[+]
Steel Production	1440.00	1580.00	1850.00	466.00	Thousand Tonnes	[+]
Competitiveness Index	64.60	64.14	64.60	4.18	Points	[+]
Competitiveness Rank	46.00	44.00	66.00	44.00		[+]
Crude Oil Rigs	33.00	37.00	107.00	8.00		[+]
Corruption Index	28.00	29.00	37.00	26.60	Points	[+]
Corruption Rank	138.00	135.00	138.00	32.00		[+]
Ease of Doing Business	54.00	49.00	55.00	42.00		[+]
Gold Production	6746.00	7127.00	11688.00	384.00	Kg	[+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	49.00	49.80	57.10	49.00	2012 - 2019		Monthly	SA

Country	Last		Previous	Range
Australia	53.10	Aug/19	51.3	62.5 : 29.47
Brazil	52.50	Aug/19	49.9	53.5 : 41.6
Canada	49.10	Aug/19	50.2	57.1 : 47.5
China	50.40	Aug/19	49.9	52.3 : 47.2
Euro Area	47.00	Aug/19	46.5	60.6 : 33.5
France	51.10	Aug/19	49.7	58.8 : 42.7
Germany	43.50	Aug/19	43.2	63.3 : 32
India	51.40	Aug/19	52.5	55 : 47.9
Indonesia	49.00	Aug/19	49.6	58.5 : 46.4
Italy	48.70	Aug/19	48.5	59 : 47.4
Japan	49.30	Aug/19	49.4	56.2 : 29.6
Mexico	49.00	Aug/19	49.8	57.1 : 49
Netherlands	51.60	Aug/19	50.7	63.4 : 48
Russia	49.10	Aug/19	49.3	54.7 : 47.6
Saudi Arabia	57.00	Aug/19	56.6	61.8 : 51.4
Singapore	49.90	Aug/19	49.8	53.1 : 48.3
South Africa	45.70	Aug/19	52.1	60.87 : 35.09
South Korea	49.00	Aug/19	47.3	52.6 : 45.7
Spain	48.80	Aug/19	48.2	56.1 : 41.1
Switzerland	47.20	Aug/19	44.7	66.9 : 32.8
Turkey	48.00	Aug/19	46.7	55.7 : 42.7
United Kingdom	47.40	Aug/19	48	61.5 : 34.4
United States	50.30	Aug/19	50.4	57.9 : 50.3