The IHS Markit Mexico Manufacturing PMI went up to 41.3 in August 2020 from 40.4 in the previous month. Still, the reading pointed to the sixth consecutive contraction in factory activity, albeit at the softest pace in five months as businesses continued to grapple with the effects of the coronavirus pandemic. Output continued to drop amid subdued demand conditions and new orders fell further. Export sales declined for the sixth successive month, but the rate of reduction eased its lowest in five months. Meantime, the job shedding rate slowed to a five-month low. On the price front, input cost rose for the first time since March and at the fastest pace in 2020 so far lifted by higher prices for raw materials and unfavourable movements in the exchange rate while output charges fell at the softer rate in five months in an effort to win new orders. Lastly, sentiment remained negative for the sixth straight month.
Manufacturing PMI in Mexico averaged 51.32 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 September of 2020. source: Markit Economics
Manufacturing PMI in Mexico is expected to be 40.80 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 48.00 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.