Mexico Manufacturing PMI Holds Steady in July

2026-08-03 15:16 By Larissa Caser 1 min. read

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.



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.
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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