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.