The IHS Markit Mexico Manufacturing PMI rose to 43 in January of 2021 from 42.4 in December but still pointed to the 11th straight contraction in factory activity. New orders and production fell faster while the rates of decline in exports and employment eased somewhat. Firms often cited as the main reasons behind the weak performance the challenging conditions to the pandemic, weak demand, the cancellation of projects and business closures. Also, input buying decreased for the eleventh straight month but at a slower pace. On the price front, the rate of cost inflation hit a three-month high, on account of higher prices of chemicals, energy, foodstuff, metals, packaging, plastics and textiles. However, companies lowered their charges again amid attempts to stimulate sales. Finally, business optimism was sustained although sentiment remained subdued by historical standards, with firms expecting clients' restocking efforts and vaccine roll-out to support growth in the coming year. source: Markit Economics
Manufacturing PMI in Mexico averaged 50.92 points from 2012 until 2021, 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 February of 2021.
Manufacturing PMI in Mexico is expected to be 46.00 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 49.50 in 12 months time. In the long-term, the Mexico Manufacturing PMI is projected to trend around 49.00 points in 2022, according to our econometric models.