The IHS Markit Mexico Manufacturing PMI increased to 38.3 in May 2020 from an all-time low of 35 in April. The latest reading pointed to the second steepest contraction in factory activity on record, amid ongoing coronavirus restrictions. Output dropped at a softer pace, new orders declined sharply for the second consecutive month and export sales continued to fall albeit at a slower rate. The job shedding rate was historically marked, as firms pared back staff numbers for the fourth straight month amid lower demand. Delivery times lengthened sharply, linked to materials shortages. On the price front, input charges fell at a slower pace and output charges dropped. Lastly, sentiment was slightly stronger than in April, still firms were pessimistic towards the 12-month outlook.

Manufacturing PMI in Mexico averaged 51.66 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 June of 2020. source: Markit Economics

Manufacturing PMI in Mexico is expected to be 33.00 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 49.20 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
38.30 35.00 57.10 35.00 2012 - 2020 points Monthly
SA


News Stream
Mexico Factory Activity Shrinks at Second Fastest Pace on Record
The IHS Markit Mexico Manufacturing PMI increased to 38.3 in May 2020 from an all-time low of 35 in April. The latest reading pointed to the second steepest contraction in factory activity on record, amid ongoing coronavirus restrictions. Output dropped at a softer pace, new orders declined sharply for the second consecutive month and export sales continued to fall albeit at a slower rate. The job shedding rate was historically marked, as firms pared back staff numbers for the fourth straight month amid lower demand. Delivery times lengthened sharply, linked to materials shortages. On the price front, input charges fell at a slower pace and output charges dropped. Lastly, sentiment was slightly stronger than in April, still firms were pessimistic towards the 12-month outlook.
2020-06-01
Mexico Manufacturing PMI Sinks to Record Low
The IHS Markit Mexico Manufacturing PMI went down to 35 in April 2020 from 47.9 in the previous month. The reading pointed to the steepest contraction in factory activity since series began, amid lockdown measures due to the coronavirus pandemic. Output and new orders dropped to all-time lows while supplier delivery times lengthened sharply. Employment declined to its lowest on record as firms reacted to weaker demand conditions. On the price front, input prices dropped, ending a nine-year sequence of inflation. Finally, sentiment deteriorated amid expectations over a deep global economic recession due to the covid-19 outbreak.
2020-05-04
Mexico Manufacturing Activity Shrinks at Record Pace
The IHS Markit Mexico Manufacturing PMI declined to 46.9 in March 2020 from 50 in the previous month. The reading pointed to the sharpest contraction on record, as the coronavirus pandemic hit the economy. Output fell at the quickest pace in three months as demand tumbled and new orders dropped to an all-time low partially driven by a reduction in export sales due to the Covid-19 outbreak. Vendor performance deteriorated to the greatest extent since January 2013, as delivery times lengthened markedly. In addition, the job shedding rate rose to a three-month high linked to lower production requirements. On the price front, input cost inflation rose boosted by higher prices to product shortages; while output cost fell, extending the current run of deflation to five months. Finally, sentiment declined to a record low amid expectations of a prolonged economic downturn.
2020-04-01
Mexico Factory Activity Stabilizes in February
The IHS Markit Mexico Manufacturing PMI went up to 50 in February 2020 from 49 in the previous month. The latest reading pointed to the stabilization in factory activity after four months of contraction as output, new orders and export sales returned to growth. Output rose for the first in nine months, and new orders advanced marginally, still at the fastest pace in a year, amid improved construction activity, new partnerships and the approval of pending projects. Also, new export orders expanded for the first time in four months and at the sharpest rate in one year. Meantime, renewed job shedding was recorded in February, after a fractional expansion in January. On the price front, input cost inflation slowed to an all-time low amid the excess supply of some materials and price negotiations with vendors, while output prices fell. Finally, sentiment fell to the second lowest in the survey history, amid market uncertainty and a lack of investment.
2020-03-02

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.