Mexico Manufacturing PMI

Last Release

Jul 31, 2024

Actual

49.6

Units In

Points

51.1

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
57.1 Dec 2012	35 Apr 2020	50.62 Points	2012-2024	Markit Economics

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.

Latest Updates

The S&P Global Manufacturing PMI rose to 48.4 in October of 2024 from the two-and-a-half-year low of 47.3 in the previous month, but still indicated the fourth consecutive contraction in Mexican factory activity. New orders for goods producers continued to contract, albeit at a slower pace than in September, with surveyees noting unfavorable demand trends, cashflow challenges, projects pending approval, and greater competition from Chinese factories. Consequently, output also continued to fall. The lower demand for capacity drove manufacturers to refrain from renewing work contracts, driving workforce numbers to fall. On the price front, cost pressures fell to their lowest since April despite remaining historically elevated, driving selling prices to increase at a slower pace.