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. source: S&P Global

Manufacturing PMI in Mexico increased to 49.60 points in May from 47.70 points in April of 2026. Manufacturing PMI in Mexico averaged 50.29 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 increased to 49.60 points in May from 47.70 points in April of 2026. Manufacturing PMI in Mexico is expected to be 47.80 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 47.50 47.90 points May 2026
Capacity Utilization 81.60 80.30 percent Mar 2026
Auto Production YoY 329.88 343.52 Thousand Units Apr 2026
Car Registrations 47193.00 53904.00 Units Apr 2026
Changes in Inventories 53517.30 38212.50 MXN Million Dec 2025
Composite Leading Indicator 102.94 102.73 points Apr 2026
Corruption Index 27.00 26.00 Points Dec 2025
Corruption Rank 141.00 140.00 Dec 2025
Crude Oil Rigs 28.00 31.00 Apr 2026
Gold Production 5085.00 4955.00 Kg Mar 2026
Industrial Production YoY -1.30 -1.20 percent Mar 2026
Industrial Production MoM -0.60 0.40 percent Mar 2026
Manufacturing Production -1.00 -2.10 percent Mar 2026
Mining Production 6.00 1.10 percent Mar 2026
Gross Fixed Investment MoM -0.80 -1.10 percent Feb 2026
Total Vehicle Sales 120722.00 134470.00 Units Apr 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'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
Mexico Manufacturing PMI Falls Further
Mexico’s S&P Global Manufacturing PMI dropped to 47.7 in April 2026 from 48.9 in March, signaling a sharper deterioration in the sector. The index remained below the 50.0 threshold for an eighth straight month. New orders declined for the sixth consecutive month, leading to a marked drop in output that was steeper than in March. International sales also contracted, adding to demand weakness. Cost pressures intensified, with input prices rising at the second-fastest pace on record. However, firms passed on only limited increases, with output price inflation remaining subdued. Producers continued to trim inventories and scale back purchasing. Weak demand also drove job cuts, with firms reducing temporary staff and placing permanent workers on technical leave. Business sentiment turned negative, with firms expecting output to decline over the next 12 months amid cash flow constraints, high costs, weak investment, tariffs, and geopolitical tensions.
2026-05-04
Mexico's Manufacturing Contraction Slows in March
Mexico's S&P Global Manufacturing PMI rose to 48.9 in March from 47.1 in February, signaling the slowest contraction in five months. New orders fell for the fifth straight month at a moderate pace, the weakest over this period, as firms cited demand weakness, inflation, US tariffs, and the Middle East war. Export orders declined at their weakest rate in five months, with lower demand from Japan and the US. Production fell at the slowest pace since October. Input costs rose at a six-month high amid tariffs, unfavorable exchange rates, and Middle East tensions, with higher outlays on chemicals, energy, metals, and fuel. Despite intensifying cost pressures, selling prices rose only slightly. Employment fell as firms placed workers on technical breaks and non-renewed contracts. Supply disruptions persisted, with material delays of one to three weeks due to highway blockades and geopolitical tensions.
2026-04-01