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. source: Markit Economics
Manufacturing PMI in Mexico averaged 51.23 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 October of 2020.
Manufacturing PMI in Mexico is expected to be 43.00 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 49.00 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.