The S&P Global Mexico Manufacturing PMI held at 51.3 in July 2026, signalling a second consecutive monthly improvement in operating conditions. New orders rose at the fastest pace since November 2023, driven by stronger domestic demand, while export orders slipped back into contraction. Factory output remained in decline, extending a downturn that began two years ago, amid weakness in the automotive and construction sectors and plant maintenance. Finished goods inventories fell, while pre-production stocks declined due to supplier delivery delays. Vendor performance deteriorated further amid shipping bottlenecks, supplier shortages and the Middle East conflict, prompting firms to raise input purchases at the fastest pace in nearly two-and-a-half years. Input cost inflation remained elevated, driven by higher fuel, material and transport costs and tariffs. Business confidence stayed subdued amid concerns over cash flow, insecurity, international competition and geopolitical risks. source: S&P Global

Manufacturing PMI in Mexico remained unchanged at 51.30 points in July. Manufacturing PMI in Mexico averaged 50.30 points from 2012 until 2026, reaching an all time high of 57.10 points in December of 2012 and a record low of 35.00 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.

Manufacturing PMI in Mexico remained unchanged at 51.30 points in July. Manufacturing PMI in Mexico is expected to be 50.70 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 53.00 points in 2027 and 52.00 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Business Confidence 48.00 48.00 points Jul 2026
Capacity Utilization 81.30 80.40 percent Jun 2026
Auto Production YoY 302.67 354.22 Thousand Units Jul 2026
Car Registrations 51482.00 52791.00 Units Jul 2026
Changes in Inventories 50475.90 53591.60 MXN Million Mar 2026
Composite Leading Indicator 103.02 102.96 points Jun 2026
Corruption Index 27.00 26.00 Points Dec 2025
Corruption Rank 141.00 140.00 Dec 2025
Crude Oil Rigs 26.00 27.00 Jul 2026
Gold Production 5144.00 5049.00 Kg May 2026
Industrial Production YoY 1.70 -0.70 percent Jun 2026
Industrial Production MoM 0.20 -0.80 percent Jun 2026
Manufacturing Production 0.10 -1.50 percent Jun 2026
Mining Production 6.60 3.90 percent Jun 2026
Gross Fixed Investment MoM -0.40 4.00 percent May 2026
Total Vehicle Sales 133602.00 130096.00 Units Jul 2026


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 is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Mexico Manufacturing PMI Holds Steady in July
The S&P Global Mexico Manufacturing PMI held at 51.3 in July 2026, signalling a second consecutive monthly improvement in operating conditions. New orders rose at the fastest pace since November 2023, driven by stronger domestic demand, while export orders slipped back into contraction. Factory output remained in decline, extending a downturn that began two years ago, amid weakness in the automotive and construction sectors and plant maintenance. Finished goods inventories fell, while pre-production stocks declined due to supplier delivery delays. Vendor performance deteriorated further amid shipping bottlenecks, supplier shortages and the Middle East conflict, prompting firms to raise input purchases at the fastest pace in nearly two-and-a-half years. Input cost inflation remained elevated, driven by higher fuel, material and transport costs and tariffs. Business confidence stayed subdued amid concerns over cash flow, insecurity, international competition and geopolitical risks.
2026-08-03
Mexico Manufacturing PMI at 2024-Highs
The S&P Global Mexico Manufacturing PMI rose to 51.3 in June 2026 from 49.6 in May, marking the strongest reading since March 2024 and signaling improvement in operating conditions. Order book volumes expanded at the fastest pace in 27 months, supported by the FIFA World Cup, while new export orders rose at the end of the second quarter. Production declined marginally due to cash flow issues, input shortages, and technical stoppages. Input inventories fell for a ninth consecutive month as supplier delivery delays persisted, driven by blockades, highway insecurity, material shortages, customs issues, and the conflict in the Middle East. Meanwhile, buying activity rebounded, reflecting stronger demand and inventory building. On the labor market, manufactures singaled another job shedding. Meanwhile, cost pressures eased.Looking ahead, manufacturers remained optimistic, with business confidence rising to a three-month high.
2026-07-01
Mexico's Manufacturing PMI Rises in May
The S&P Global Mexico Manufacturing PMI rose to 49.6 in May 2026 from 47.7 in the previous month, signaling a softer deterioration in factory activity and the joint-mildest contraction in the current nine-month downturn. New orders returned to growth, supported by stronger domestic demand, upcoming FIFA World Cup-related activity, and the approval of pending projects. However, manufacturing output continued to decline, while export orders fell at the sharpest pace in three months amid weaker demand from Europe, Japan, and the US. Elevated cost pressures linked to tariffs and the war in the Middle East pushed input price inflation to one of the highest levels in over 15 years, driven by higher energy, fuel, transportation, and raw material costs. Firms responded by reducing purchasing activity, cutting inventories, and shedding jobs. Despite ongoing challenges, business confidence improved and turned positive in May, although optimism remained subdued by historical standards.
2026-06-01