The IHS Markit Mexico Manufacturing PMI fell to 47.1 in December 2019 from 48.0 in the prior month, pointing to the sharpest contraction in factory activity since the series began in April 2011. The declines in new orders, export orders, output and input buying accelerated the most in the survey history, amid reports of challenging market conditions, fewer government bids and subdued demand from both domestic and international markets. Also, post-production inventories decreased for the first time since March. At the same time, employment continued to fall but at a softer pace. In terms of prices, input costs rose only modestly, despite the rate of inflation accelerating to a three-month high; while selling prices were reduced again mainly to stimulate demand. Looking ahead, business sentiment slipped to its lowest level on record, amid concerns about a lack of investments, tough economic conditions, lingering uncertainty and troubles in the automotive industry.
Manufacturing PMI in Mexico averaged 52.07 points from 2012 until 2019, reaching an all time high of 57.10 points in December of 2012 and a record low of 47.10 points in December of 2019. 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. source: Markit Economics
Manufacturing PMI in Mexico is expected to be 51.50 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 48.80 in 12 months time. In the long-term, the Mexico Manufacturing PMI is projected to trend around 49.50 points in 2020, according to our econometric models.