The IHS Markit Mexico Manufacturing PMI increased to 38.3 in May 2020 from an all-time low of 35 in April. The latest reading pointed to the second steepest contraction in factory activity on record, amid ongoing coronavirus restrictions. Output dropped at a softer pace, new orders declined sharply for the second consecutive month and export sales continued to fall albeit at a slower rate. The job shedding rate was historically marked, as firms pared back staff numbers for the fourth straight month amid lower demand. Delivery times lengthened sharply, linked to materials shortages. On the price front, input charges fell at a slower pace and output charges dropped. Lastly, sentiment was slightly stronger than in April, still firms were pessimistic towards the 12-month outlook.
Manufacturing PMI in Mexico averaged 51.66 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 June of 2020. source: Markit Economics
Manufacturing PMI in Mexico is expected to be 33.00 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 49.20 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.