The S&P Global Mexico Manufacturing PMI rose to 50.6 in May of 2022, from 49.3 in April, ending a 26-month of contraction and marking the steepest expansion in factory activity since February of 2019. New export orders rose sharply amid solid international demand which in turn supported back-to-back increases in employment. In contrast, production volumes declined, although at a softer pace amid weak sales, input shortages, and acute price pressures. On the price front, input costs rose at the second-fastest pace while outprice charge inflation outpaced its long-run average as firms passed on the increasing cost burdens to clients. Looking ahead, overall sentiment slipped from April's recent high, as optimism was dampened by concerns regarding input availability, lingering issues in the automotive sector, subdued demand and mounting price pressures. source: Markit Economics

Manufacturing PMI in Mexico averaged 50.56 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 June of 2022.

Manufacturing PMI in Mexico is expected to be 50.00 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 50.60 49.30 points May 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
50.60 49.30 57.10 35.00 2012 - 2022 points Monthly
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News Stream
Mexico Factory Activity Rebounds from 26-Month Contraction
The S&P Global Mexico Manufacturing PMI rose to 50.6 in May of 2022, from 49.3 in April, ending a 26-month of contraction and marking the steepest expansion in factory activity since February of 2019. New export orders rose sharply amid solid international demand which in turn supported back-to-back increases in employment. In contrast, production volumes declined, although at a softer pace amid weak sales, input shortages, and acute price pressures. On the price front, input costs rose at the second-fastest pace while outprice charge inflation outpaced its long-run average as firms passed on the increasing cost burdens to clients. Looking ahead, overall sentiment slipped from April's recent high, as optimism was dampened by concerns regarding input availability, lingering issues in the automotive sector, subdued demand and mounting price pressures.
2022-06-01
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