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.