The IHS Markit Mexico Manufacturing PMI increased to 43.6 in October 2020 from 42.1 in the previous month. Still, the latest reading pointed to the eighth straight contraction in factory activity, albeit at the weakest pace in seven months amid the coronavirus pandemic. Both output and new orders dropped for the eighth straight month. Also, export sales continued to decline amid weaker demand, while the job shedding rate eased to a seven-month low. On the price front, input price inflation accelerated to its highest since September last year while output charges fell on a monthly basis for one year. Lastly, manufacturers became pessimistic towards the outlook as anecdotal evidence suggested that the damaging impact of the pandemic on the global economy will likely curb factory output. source: Markit Economics

Manufacturing PMI in Mexico averaged 51.15 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 November of 2020.

Manufacturing PMI in Mexico is expected to be 44.30 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 49.00 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.

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Mexico Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
43.60 42.10 57.10 35.00 2012 - 2020 points Monthly
SA


News Stream
Mexico Factory Activity Shrinks for 8th Month
The IHS Markit Mexico Manufacturing PMI increased to 43.6 in October 2020 from 42.1 in the previous month. Still, the latest reading pointed to the eighth straight contraction in factory activity, albeit at the weakest pace in seven months amid the coronavirus pandemic. Both output and new orders dropped for the eighth straight month. Also, export sales continued to decline amid weaker demand, while the job shedding rate eased to a seven-month low. On the price front, input price inflation accelerated to its highest since September last year while output charges fell on a monthly basis for one year. Lastly, manufacturers became pessimistic towards the outlook as anecdotal evidence suggested that the damaging impact of the pandemic on the global economy will likely curb factory output.
2020-11-03
Mexico Factory Activity Contracts for 7th Month
The IHS Markit Mexico Manufacturing PMI advanced to 42.1 in September 2020 from 41.3 in the previous month. Still, the reading pointed to the seventh straight contraction in factory activity, albeit at the softest pace in six months amid the coronavirus pandemic. Both, output and new orders shrank for the seventh consecutive month on the back of COVID-19 restrictions and clients purchasing only critical products. Meantime, the job shedding rate eased to a six-month low. On the price front, input prices increased for the second successive month boosted by higher cost of chemicals, foodstuff, metals and textiles, while output charges dropped further. Finally, manufacturers turn optimistic about the year-ahead outlook for output, following a six-month period of pessimism, driven by expectations that coronavirus restrictions will be lifted and that fewer infections in key export destinations will support sales growth.
2020-10-01
Mexico Factory Activity Shrinks for 6th Month
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.
2020-09-01
Mexico Factory Activity Contracts for 5th Month
The IHS Markit Mexico Manufacturing PMI increased to 40.4 in July 2020 from 38.6 in the previous month. Still, the latest reading pointed to the fifth successive contraction in factory activity as many businesses remained closed due to the COVID-19 pandemic. Output, new orders and export sales continued to drop while the job shedding rate slowed to a four-month low. Vendor performance fell markedly albeit to a lesser extent than in the previous three months. On the price front, input prices were broadly unchanged, after declining for three consecutive months while output charges went down at the softest pace since March. Finally, sentiment remained negative amid fears over a prolonged economic downturn.
2020-08-03

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.