The IHS Markit Mexico Manufacturing PMI decreased to 49.7 in November 2018 from 50.7 in the previous month. The reading pointed to the first contraction in manufacturing activity since October last year, as output fell for the first time since August and new orders grew the least in 13 months. Still, greater sales in key export destinations were reported, particularly to the US. Also, employment stagnated, as some companies took on temporary workers, but this was offset by the non-replacement of voluntary leavers at other firms. Regarding prices, a relatively weaker peso and rising fuel prices led cost input inflation to pick up. Main upward pressure came from prices of chemicals, electronic components, metals, plastics and textiles. Conversely, output prices went up only marginally. Looking ahead, companies foresee output growth, supported by projects in the pipeline, product diversification and expectations of an improvement in economic conditions amid a change in government. Manufacturing PMI in Mexico is reported by Markit Economics.

Manufacturing PMI in Mexico is expected to be 50.00 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 52.00 in 12 months time. In the long-term, the Mexico Manufacturing PMI is projected to trend around 51.70 in 2020, according to our econometric models.

Mexico Manufacturing PMI
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Mexico Business Last Previous Highest Lowest Unit
Business Confidence 49.90 50.60 58.10 33.70 Index Points [+]
Manufacturing PMI 49.70 50.70 57.10 49.20 [+]
Industrial Production 1.80 0.30 23.82 -17.50 percent [+]
Industrial Production Mom 1.00 -0.50 8.40 -7.90 percent [+]
Manufacturing Production 2.40 2.20 18.26 -17.74 percent [+]
Capacity Utilization 81.00 82.50 82.50 74.10 percent [+]
Changes in Inventories 109974.00 175926.00 279851.00 49273.00 MXN Million [+]
Total Vehicle Sales 70427.00 70906.00 127604.00 6318.00 [+]
Car Production 344.93 363.47 381.99 35.61 Thousand Units [+]
Car Registrations 70427.00 70906.00 127604.00 6318.00 [+]
Leading Economic Index 2.10 1.80 12.60 -9.80 percent [+]
Internet Speed 7538.43 7213.58 7538.43 949.27 KBps [+]
IP Addresses 13309655.00 13057425.00 14700484.00 4009120.00 IP [+]
Private Investment -0.90 -2.40 33.10 -41.90 percent [+]
Mining Production 2.87 -3.78 45.30 -25.22 percent [+]
Steel Production 1690.00 1600.00 1830.00 466.00 Thousand Tonnes [+]
Competitiveness Index 64.60 64.14 64.60 4.18 Points [+]
Competitiveness Rank 46.00 44.00 66.00 44.00 [+]
Ease of Doing Business 54.00 49.00 55.00 42.00 [+]
Corruption Index 29.00 30.00 37.00 26.60 Points [+]
Corruption Rank 135.00 123.00 135.00 32.00 [+]


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. 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
49.70 50.70 57.10 49.20 2012 - 2018 Monthly
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Country Last Previous
Australia 51.30 Nov/18
Brazil 52.70 Nov/18
Canada 54.90 Nov/18
China 50.20 Nov/18
Euro Area 51.80 Nov/18
France 50.80 Nov/18
Germany 51.80 Nov/18
India 54.00 Nov/18
Indonesia 50.40 Nov/18
Italy 48.60 Nov/18
Japan 52.20 Nov/18
Mexico 49.70 Nov/18
Netherlands 56.10 Nov/18
Russia 52.60 Nov/18
Saudi Arabia 55.20 Nov/18
Singapore 51.50 Nov/18
South Africa 49.50 Nov/18
South Korea 48.60 Nov/18
Spain 52.60 Nov/18
Switzerland 57.70 Nov/18
Turkey 44.70 Nov/18
United Kingdom 53.10 Nov/18
United States 55.30 Nov/18


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