The S&P Global Mexico Manufacturing PMI rose marginally to 50.6 in November of 2022 from 50.3 in the previous month. Production and new orders remained somewhat subdued amid weak domestic and international demand. At the same time, the overall rate of increase in employment was moderate but the joint-fastest since May. On the price front, input costs grew at a historically sharp rate, though one that was softer than in the prior month, while output prices rose at the slowest pace in a year. Finally, firms were optimistic that output levels would be higher in a year. source: Markit Economics

Manufacturing PMI in Mexico averaged 50.54 points from 2012 until 2022, reaching an all time high of 57.10 points in December of 2012 and a record low of 35.00 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 December 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 50.60 50.30 points Nov 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 50.30 57.10 35.00 2012 - 2022 points Monthly
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News Stream
Mexico Manufacturing Growth Remains Subdued
The S&P Global Mexico Manufacturing PMI rose marginally to 50.6 in November of 2022 from 50.3 in the previous month. Production and new orders remained somewhat subdued amid weak domestic and international demand. At the same time, the overall rate of increase in employment was moderate but the joint-fastest since May. On the price front, input costs grew at a historically sharp rate, though one that was softer than in the prior month, while output prices rose at the slowest pace in a year. Finally, firms were optimistic that output levels would be higher in a year.
2022-12-01
Mexico Manufacturing Growth Remains Subdued
The S&P Global Mexico Manufacturing PMI was unchanged at 50.3 in October of 2022, the same as in September, still pointing to subdued growth in factory activity. New orders and output contracted the least in four months but inflationary pressures, cashflow problems and material shortages dampened client demand. A lack of new work led manufacturers to scale down input purchasing at the quickest rate since April, with a number of firms mentioning an increased need to free-up capital. Also, the pace of depletion was the most pronounced since February amid efforts to avoid overstocking and improve cashflows. Meanwhile, companies sought to alleviate capacity pressures by hiring temporary labour. On the price front, input cost inflation quickened, but charges rose at a weaker pace. Finally, firms were on average optimistic that output levels would be higher in a year's time, but worries over insolvency risks and unrelenting inflationary pressures dampened confidence.
2022-11-01
Mexico Factory Activity Rebounds Marginally
The S&P Global Mexico Manufacturing PMI rose to 50.3 in September of 2022, from 48.5 in August, as employment increased, following reductions in employment in the prior two months, driven by the hiring of temporary staff. Meanwhile, there were further declines in new work intakes and production, due to subdued demand amid challenging economic conditions. Manufacturers also reduced their purchasing activity and continued to report difficulties sourcing inputs and delivery delays. On the price front, both input costs and output charges increased at softer rates. Looking forward, the overall level of positive sentiment strengthened to a five-month high and was broadly in line with its long-run average, boosted by expectations of greater sales.
2022-10-03