The IHS Markit Mexico Manufacturing PMI fell to 50 in May 2019 from 50.1 in the previous month. Job shedding increased at the strongest pace since survey began mostly due to cost-reduction initiatives amid cashflow issues and weak underlying demand. Also, pre-production stocks dropped for the fourth time in the past six months and average delivery times lengthened for the sixth consecutive month as border issues and material shortages affected suppliers. On the other hand, output increased after contracting for two successive months and new orders rose marginally for the second straight month. On the price front, input prices went up boosted by cost of chemicals, foodstuff, metals and plastics and due to the currency weakness and output cost advanced for the second straight month. Finally, sentiment improved to a three-month high driven by expectations regarding launch new products, plans to expand capacity and advertise. Manufacturing PMI in Mexico is reported by Markit Economics.

Manufacturing PMI in Mexico is expected to be 50.80 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 52.00 in 12 months time. In the long-term, the Mexico Manufacturing PMI is projected to trend around 49.50 in 2020, according to our econometric models.

Mexico Manufacturing PMI
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Mexico Business Last Previous Highest Lowest Unit
Business Confidence 52.40 52.40 58.60 34.00 Index Points [+]
Manufacturing PMI 50.00 50.10 57.10 49.20 [+]
Industrial Production -2.86 -0.06 23.82 -17.50 percent [+]
Industrial Production Mom 1.50 -1.20 8.40 -8.00 percent [+]
Manufacturing Production -0.36 2.78 18.26 -17.74 percent [+]
Capacity Utilization 81.60 81.00 82.50 74.10 percent [+]
Changes in Inventories 175359.00 166654.31 280468.77 49272.84 MXN Million [+]
Total Vehicle Sales 56387.00 67680.00 127604.00 6318.00 [+]
Car Production 349.63 299.71 381.99 35.61 Thousand Units [+]
Car Registrations 56387.00 67680.00 127604.00 6318.00 [+]
Leading Economic Index 1.30 1.10 12.60 -11.00 percent [+]
Internet Speed 7538.43 7213.58 7538.43 949.27 KBps [+]
IP Addresses 13309655.00 13057425.00 14700484.00 4009120.00 IP [+]
Private Investment -2.40 -1.90 33.10 -41.90 percent [+]
Mining Production -9.00 -6.00 45.30 -25.22 percent [+]
Steel Production 1600.00 1780.00 1850.00 466.00 Thousand Tonnes [+]
Competitiveness Index 64.60 64.14 64.60 4.18 Points [+]
Competitiveness Rank 46.00 44.00 66.00 44.00 [+]
Crude Oil Rigs 30.00 24.00 107.00 8.00 [+]
Ease of Doing Business 54.00 49.00 55.00 42.00 [+]
Corruption Index 28.00 29.00 37.00 26.60 Points [+]
Corruption Rank 138.00 135.00 138.00 32.00 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
50.00 50.10 57.10 49.20 2012 - 2019 Monthly
SA




Country Last Previous
Australia 52.70 May/19
Brazil 50.20 May/19
Canada 49.10 May/19
China 50.20 May/19
Euro Area 47.70 May/19
France 50.60 May/19
Germany 44.30 May/19
India 52.70 May/19
Indonesia 51.60 May/19
Italy 49.70 May/19
Japan 49.80 May/19
Mexico 50.00 May/19
Netherlands 52.20 May/19
Russia 49.80 May/19
Saudi Arabia 57.30 May/19
Singapore 49.90 May/19
South Africa 45.40 May/19
South Korea 48.40 May/19
Spain 50.10 May/19
Switzerland 48.60 May/19
Turkey 45.30 May/19
United Kingdom 49.40 May/19
United States 50.50 May/19


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