The IHS Markit Mexico Manufacturing PMI increased to 52.6 in February 2019 from 50.9 in the previous month. The reading pointed to the strongest expansion in factory activity since January last year, as output rose for the first time in four months and at the fastest pace in one year. Also, new orders advanced to a 15-month high, amid a stronger demand in both the domestic and the external market namely from the US and El Salvador. Additionally, job creation went up for the second consecutive month and at the greatest extent since September. On the price front, input cost inflation eased to the softest pace in over five years mainly driven by lower prices of steel, polypropylene and food and output cost inflation advanced at one of the weakest rates in survey’s history. Finally, sentiment remained positive boosted by projections of higher export order volumes, new product launches and company expansion plans. Manufacturing PMI in Mexico is reported by Markit Economics.

Manufacturing PMI in Mexico is expected to be 52.50 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 49.90 in 12 months time. In the long-term, the Mexico Manufacturing PMI is projected to trend around 49.50 in 2020, according to our econometric models.

Mexico Manufacturing PMI
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Mexico Business Last Previous Highest Lowest Unit
Business Confidence 51.30 51.10 58.10 33.70 Index Points [+]
Manufacturing PMI 52.60 50.90 57.10 49.20 [+]
Industrial Production -0.90 -2.50 23.82 -17.50 percent [+]
Industrial Production Mom 0.60 -0.50 8.40 -7.90 percent [+]
Manufacturing Production 1.30 0.20 18.26 -17.74 percent [+]
Capacity Utilization 81.20 78.80 82.50 74.10 percent [+]
Changes in Inventories 175359.00 166654.31 280468.77 49272.84 MXN Million [+]
Total Vehicle Sales 68254.00 86495.00 127604.00 6318.00 [+]
Car Production 311.83 333.68 381.99 35.61 Thousand Units [+]
Car Registrations 68254.00 86495.00 127604.00 6318.00 [+]
Leading Economic Index 0.00 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 -6.80 -3.30 33.10 -41.90 percent [+]
Mining Production -10.45 -8.37 45.30 -25.22 percent [+]
Steel Production 1660.00 1550.00 1850.00 466.00 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 28.00 29.00 37.00 26.60 Points [+]
Corruption Rank 138.00 135.00 138.00 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
52.60 50.90 57.10 49.20 2012 - 2019 Monthly
SA




Country Last Previous
Australia 54.00 Feb/19
Brazil 53.40 Feb/19
Canada 52.60 Feb/19
China 49.90 Feb/19
Euro Area 47.60 Mar/19
France 49.80 Mar/19
Germany 44.70 Mar/19
India 54.30 Feb/19
Indonesia 50.10 Feb/19
Italy 47.70 Feb/19
Japan 48.90 Mar/19
Mexico 52.60 Feb/19
Netherlands 52.70 Feb/19
Russia 50.10 Feb/19
Saudi Arabia 56.60 Feb/19
Singapore 50.40 Feb/19
South Africa 46.20 Feb/19
South Korea 47.20 Feb/19
Spain 49.90 Feb/19
Switzerland 55.40 Feb/19
Turkey 46.40 Feb/19
United Kingdom 52.00 Feb/19
United States 52.50 Mar/19


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