The S&P Global Mexico Manufacturing PMI was relatively unchanged at 49.3 in April of 2022, compared to 49.2 in the prior month. The figure marked the 26th consecutive month of contraction in factory activity, as shrinking demand led to further declines in production. Volatility in energy prices, raw material scarcity, and limited shipping availability due to Russia’s war against Ukraine lifted input costs at the third-sharpest rate on survey record. Consequently, the rate of charge inflation passed to consumers climbed to a 46-month high. At the same time, manufacturers noted increasing capacity pressures in April, thus increasing employment. Looking forward, business confidence was seen higher, with hopes of resolution to geopolitical tensions spurring expectations of an economic rebound and improvements in supply chains. source: Markit Economics

Manufacturing PMI in Mexico averaged 50.58 points from 2012 until 2022, reaching an all time high of 57.10 points in December of 2012 and a record low of 35 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. Mexico Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.

Manufacturing PMI in Mexico is expected to be 48.00 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 51.00 points in 2023, according to our econometric models.

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Mexico Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 49.30 49.20 points Apr 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
49.30 49.20 57.10 35.00 2012 - 2022 points Monthly
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News Stream
Mexico Factory Activity Remains in Contraction in April
The S&P Global Mexico Manufacturing PMI was relatively unchanged at 49.3 in April of 2022, compared to 49.2 in the prior month. The figure marked the 26th consecutive month of contraction in factory activity, as shrinking demand led to further declines in production. Volatility in energy prices, raw material scarcity, and limited shipping availability due to Russia’s war against Ukraine lifted input costs at the third-sharpest rate on survey record. Consequently, the rate of charge inflation passed to consumers climbed to a 46-month high. At the same time, manufacturers noted increasing capacity pressures in April, thus increasing employment. Looking forward, business confidence was seen higher, with hopes of resolution to geopolitical tensions spurring expectations of an economic rebound and improvements in supply chains.
2022-05-02
Mexico Factory Activity Remains in Contraction in March
The S&P Global Mexico Manufacturing PMI rose to 49.2 in March of 2022 from 48.0 in the prior month. The latest reading pointed to the 25th consecutive month of contraction in factory activity amid further declines in production, sales, and employment. On the price front, inputs costs rose at the second-sharpest rate since the series began in 2012 amid persistent supply bottlenecks on the heels of Russia’s war against Ukraine. Firms continued to pass additional cost burdens to clients, with output charges increasing to their highest since August 2018. Manufacturers remained optimistic about future output, but overall confidence dampened.
2022-04-01
Mexico Factory Activity Downturn Eases
The IHS Markit Mexico Manufacturing PMI rose to 48 in February of 2022 from 46.1 in the prior month. The latest reading pointed to the 24th consecutive month of contraction in factory activity but at a softer pace. Output continued to contract, owing to a lack of raw material availability, troubles in the automotive sector and subdued sales poor sales, but the rate of reduction softened. Also, new orders, export sales, input buying and employment fell further, although at slower rates. Meanwhile, inventories of both inputs and finished items decreased faster, as firms reported a reluctance to stockpile products in light of elevated price pressures and subdued demand conditions. Encouragingly, business confidence improved considerably from January's one-year low, while inflationary pressures retreated.
2022-03-01