Mexico Manufacturing PMI

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.

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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		[+]

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	SA

Country	Last		Previous	Range
Australia	51.30	Nov/18	58.3	63.1 : 30.86
Brazil	52.70	Nov/18	51.1	53.5 : 41.6
Canada	54.90	Nov/18	53.9	57.1 : 47.5
China	50.20	Nov/18	50.1	52.3 : 47.2
Euro Area	51.80	Nov/18	52	60.6 : 33.5
France	50.80	Nov/18	51.2	58.8 : 42.7
Germany	51.80	Nov/18	52.2	63.3 : 32
India	54.00	Nov/18	53.1	55 : 47.9
Indonesia	50.40	Nov/18	50.5	58.5 : 46.4
Italy	48.60	Nov/18	49.2	59 : 48
Japan	52.20	Nov/18	52.9	56.2 : 29.6
Mexico	49.70	Nov/18	50.7	57.1 : 49.2
Netherlands	56.10	Nov/18	57.1	63.4 : 48
Russia	52.60	Nov/18	51.3	54.7 : 47.6
Saudi Arabia	55.20	Nov/18	53.8	61.8 : 51.4
Singapore	51.50	Nov/18	51.9	53.1 : 48.3
South Africa	49.50	Nov/18	42.4	60.87 : 35.09
South Korea	48.60	Nov/18	51	52.6 : 45.7
Spain	52.60	Nov/18	51.8	56.1 : 41.1
Switzerland	57.70	Nov/18	57.4	66.9 : 32.9
Turkey	44.70	Nov/18	44.3	55.7 : 42.7
United Kingdom	53.10	Nov/18	51.1	61.5 : 34.4
United States	55.30	Nov/18	55.7	57.9 : 50.7