The S&P Global Mexico Manufacturing PMI rose to 52.2 in May of 2022 from 50.6 in May, marking the second month of growth in the sector after 26 consecutive periods of contraction. New orders expanded for the first time since the start of the pandemic, supported by increased marketing efforts, product diversification, and new client wins, while surveyors also noted an increased demand from international markets. Firms were also seen scaling up input buying levels and hiring activity. Still, supply chain issues and severe delays in delivery times hampered the improvement in Mexico’s manufacturing sector. At the same time, raw material scarcity and higher energy prices lifted producer costs. 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 July 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.