The IHS Markit Mexico Manufacturing PMI rose to 44.2 in February of 2021 from 43 in January but still pointed to the 12th straight contraction in factory activity which was among the steepest on record. Output, new orders, export orders and purchasing activity fell sharply due to the COVID-19 restrictions. Employment also decreased again with panellists linking job shedding to dismissals, resignations and business closures. Meantime, outstanding business fell for the eleventh month in a row and at a sharp pace, as the lack of new work encouraged manufacturers to focus on pending projects. On the price front, input prices rose sharply, amid higher prices for a range of materials including chemicals, foodstuff, metals, packaging, plastics and textiles. Still, competitive pressures and subdued demand encouraged firms to reduce their output charges again. Looking forward, sentiment towards growth prospects improved noticeably due to the vaccine roll-out. source: Markit Economics

Manufacturing PMI in Mexico averaged 50.86 points from 2012 until 2021, 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 March of 2021.

Manufacturing PMI in Mexico is expected to be 46.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Mexico to stand at 49.50 in 12 months time. In the long-term, the Mexico Manufacturing PMI is projected to trend around 49.00 points in 2022, according to our econometric models.

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Mexico Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
44.20 43.00 57.10 35.00 2012 - 2021 points Monthly
SA


News Stream
Mexico Factory Activity Shrinks for 12th Month
The IHS Markit Mexico Manufacturing PMI rose to 44.2 in February of 2021 from 43 in January but still pointed to the 12th straight contraction in factory activity which was among the steepest on record. Output, new orders, export orders and purchasing activity fell sharply due to the COVID-19 restrictions. Employment also decreased again with panellists linking job shedding to dismissals, resignations and business closures. Meantime, outstanding business fell for the eleventh month in a row and at a sharp pace, as the lack of new work encouraged manufacturers to focus on pending projects. On the price front, input prices rose sharply, amid higher prices for a range of materials including chemicals, foodstuff, metals, packaging, plastics and textiles. Still, competitive pressures and subdued demand encouraged firms to reduce their output charges again. Looking forward, sentiment towards growth prospects improved noticeably due to the vaccine roll-out.
2021-03-01
Mexico Factory Activity Shrinks for 11th Month
The IHS Markit Mexico Manufacturing PMI rose to 43 in January of 2021 from 42.4 in December but still pointed to the 11th straight contraction in factory activity. New orders and production fell faster while the rates of decline in exports and employment eased somewhat. Firms often cited as the main reasons behind the weak performance the challenging conditions to the pandemic, weak demand, the cancellation of projects and business closures. Also, input buying decreased for the eleventh straight month but at a slower pace. On the price front, the rate of cost inflation hit a three-month high, on account of higher prices of chemicals, energy, foodstuff, metals, packaging, plastics and textiles. However, companies lowered their charges again amid attempts to stimulate sales. Finally, business optimism was sustained although sentiment remained subdued by historical standards, with firms expecting clients' restocking efforts and vaccine roll-out to support growth in the coming year.
2021-02-02
Mexico Factory Activity Contraction Deepens in December
The IHS Markit Mexico Manufacturing PMI fell to 42.4 in December of 2020 from 43.7 in the previous month. The latest reading pointed to the tenth straight contraction in factory activity, amid the coronavirus pandemic. Output, new orders, exports, input buying, stocks and employment decreased faster. There was also evidence of ongoing spare capacity among manufacturers as backlogs of work declined for the ninth straight month. Supply chains continued to be impacted by COVID-19, amid reports that material shortages and shutdowns led to delivery delays. On the price front, the rate of input inflation softened to a five-month low and was marginal, amid subdued input demand coupled with business closures. Meantime, selling prices were reduced again. On a brighter note, manufacturers became optimistic towards growth prospects amid hopes the effects of the pandemic may subside.
2021-01-04
Mexico Factory Activity Shrinks for 9th Month
The IHS Markit Mexico Manufacturing PMI rose marginally to 43.7 in November of 2020 from 43.6 in the previous month. Still, the latest reading pointed to the ninth straight contraction in factory activity, amid the coronavirus pandemic. Output, new orders, exports, input buying and employment continued to decrease. On the price front, overall cost burdens rose but the rate of increase was subdued by historical standards and the weakest in the current four-month sequence of inflation. Meantime, output charges decreased for the thirteenth month running and at the quickest rate since June. Looking ahead, businesses remained pessimistic regarding future output, reflecting uncertainty around the COVID-19 pandemic.
2020-12-01

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.