The IHS Markit Mexico Manufacturing PMI increased to 43.6 in October 2020 from 42.1 in the previous month. Still, the latest reading pointed to the eighth straight contraction in factory activity, albeit at the weakest pace in seven months amid the coronavirus pandemic. Both output and new orders dropped for the eighth straight month. Also, export sales continued to decline amid weaker demand, while the job shedding rate eased to a seven-month low. On the price front, input price inflation accelerated to its highest since September last year while output charges fell on a monthly basis for one year. Lastly, manufacturers became pessimistic towards the outlook as anecdotal evidence suggested that the damaging impact of the pandemic on the global economy will likely curb factory output. source: Markit Economics
Manufacturing PMI in Mexico averaged 51.15 points from 2012 until 2020, 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 November of 2020.
Manufacturing PMI in Mexico is expected to be 44.30 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 49.00 in 12 months time. In the long-term, the Mexico Manufacturing PMI is projected to trend around 49.50 points in 2021 and 49.00 points in 2022, according to our econometric models.