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.

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Mexico Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
47.10 48.00 57.10 47.10 2012 - 2019 points Monthly
SA

News Stream
2019-12-02
Mexico Factory Activity Falls to Record Low
The IHS Markit Mexico Manufacturing PMI dropped to 48 in November 2019 from 50.4 in the previous month. The reading pointed to the sharpest contraction in the factory sector since series began, as output declined for the sixth consecutive month and at the steepest pace on record. Also, new orders fell to the second-fastest pace since the inception of the survey amid projects pending approval, fewer customer orders, competitive pressures and economic troubles. In addition, new export orders went down solidly due to weak demand; and the job shedding rate accelerated to its quickest on record, mainly due to the termination of temporary contracts, downsizing and reduced working hours. On the price front, input cost inflation slowed to an all-time low; and output price inflation eased. Finally, sentiment declined to its lowest level since series began, amid market uncertainty and concerns regarding domestic economy.

2019-11-01
Mexico Manufacturing Growth Remains Subdued
The IHS Markit Mexico Manufacturing PMI rose to an eight-month high of 50.4 in October 2019 from 49.1 in the previous month, pointing to a marginal strengthening in the health of the sector. New orders rose and employment increased for the first time in eight months, while output contracted for the fifth consecutive period. Manufacturers continued to limit input purchasing, with the latest monthly decline stretching the current period of contraction to eight months. On the price front, input cost inflation fell to a survey-record low, amid reports of discounts offered by suppliers, lower prices for energy and some raw materials. Business confidence strengthened to a five-month high on the back of predictions of sales growth, better economic conditions and the launch of new product lines.

2019-10-01
Mexico Factory Activity Contracts for 4th Month
The IHS Markit Mexico Manufacturing PMI increased to 49.1 in September 2019 from 49 in August. The reading pointed to the fourth consecutive contraction in factory activity, as output dropped at the fastest pace since series began, amid tough economic conditions, subdued client sentiment and weak demand. Additionally, new export orders shrank due to downward revisions to sales projections and weak demand from the US and new orders stabilised after falling for three successive months. Also, job shedding continued as outstanding orders went down slightly. Quantities of purchases fell for the 7th straight month and at the steepest pace on record. On the price front, input cost inflation accelerated to a 9-month high boosted by tariffs, taxation and currency depreciation and output prices fell on efforts to attract new business. Lastly, sentiment strengthened to a 4-month high, amid optimistic regarding expectation sales, exports, investment, advertising and new product launches.

2019-09-02
Mexico Factory Activity Lowest on Record: Markit
The IHS Markit Mexico Manufacturing PMI fell to 49 in August 2019 from 49.8 in July. The reading pointed to the steepest contraction in factory activity since series began, as new orders dropped for the third straight month and at the fastest pace on record amid lower sales, market conditions and problems in the auto sector. Also, input buying continued to decline mostly due to challenging market conditions and destocking initiatives. Additionally, employment fell mainly due to cashflow issues and the non-renewal of temporary contractors. Meanwhile, new export work rose for the first time in three months linked to higher sales to Europe, the US and Latin America. On the price front, input price inflation picked up to a seven-month high boosted by cost of chemical, foodstuff, metal and plastic and currency depreciation while output price inflation slowed. Lastly, sentiment improved as firms were hopeful of better market conditions, investment, product diversification and demand.


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.