The S&P Global Mexico Manufacturing PMI fell to 48.5 in July of 2022 from 52.2 in June, pointing to a renewed contraction in the country's factory activity after two consecutive months of growth. Both new orders and output declined, weighed down by strong inflationary pressures and lingering supply-chain disruptions. Subsequently, firms cut their workforce numbers and reduced purchasing activity. On the price front, both input inflation and output charge inflation remained historically high. Finally, business sentiment decreased to the lowest in six months and remained well below the long-term average. source: Markit Economics

Manufacturing PMI in Mexico averaged 50.56 points from 2012 until 2022, 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 August of 2022.

Manufacturing PMI in Mexico is expected to be 50.00 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 51.00 points in 2023, according to our econometric models.

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Mexico Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 48.50 52.20 points Jul 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
48.50 52.20 57.10 35.00 2012 - 2022 points Monthly
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News Stream
Mexico Factory Activity Falls Back Into Contraction
The S&P Global Mexico Manufacturing PMI fell to 48.5 in July of 2022 from 52.2 in June, pointing to a renewed contraction in the country's factory activity after two consecutive months of growth. Both new orders and output declined, weighed down by strong inflationary pressures and lingering supply-chain disruptions. Subsequently, firms cut their workforce numbers and reduced purchasing activity. On the price front, both input inflation and output charge inflation remained historically high. Finally, business sentiment decreased to the lowest in six months and remained well below the long-term average.
2022-08-01
Mexico Manufacturing PMI at 3-Year High
The S&P Global Mexico Manufacturing PMI rose to 52.2 in May of 2022 from 50.6 in May, marking the second month of growth in the sector after 26 consecutive periods of contraction. New orders expanded for the first time since the start of the pandemic, supported by increased marketing efforts, product diversification, and new client wins, while surveyors also noted an increased demand from international markets. Firms were also seen scaling up input buying levels and hiring activity. Still, supply chain issues and severe delays in delivery times hampered the improvement in Mexico’s manufacturing sector. At the same time, raw material scarcity and higher energy prices lifted producer costs.
2022-07-01
Mexico Factory Activity Rebounds from 26-Month Contraction
The S&P Global Mexico Manufacturing PMI rose to 50.6 in May of 2022, from 49.3 in April, ending a 26-month of contraction and marking the steepest expansion in factory activity since February of 2019. New export orders rose sharply amid solid international demand which in turn supported back-to-back increases in employment. In contrast, production volumes declined, although at a softer pace amid weak sales, input shortages, and acute price pressures. On the price front, input costs rose at the second-fastest pace while outprice charge inflation outpaced its long-run average as firms passed on the increasing cost burdens to clients. Looking ahead, overall sentiment slipped from April's recent high, as optimism was dampened by concerns regarding input availability, lingering issues in the automotive sector, subdued demand and mounting price pressures.
2022-06-01