The IHS Markit Mexico Manufacturing PMI fell to 49 in August 2019 from 49.8 in July. The reading pointed to the steepest contraction in factory activity since series began, as new orders dropped for the third straight month and at the fastest pace on record amid lower sales, market conditions and problems in the auto sector. Also, input buying continued to decline mostly due to challenging market conditions and destocking initiatives. Additionally, employment fell mainly due to cashflow issues and the non-renewal of temporary contractors. Meanwhile, new export work rose for the first time in three months linked to higher sales to Europe, the US and Latin America. On the price front, input price inflation picked up to a seven-month high boosted by cost of chemical, foodstuff, metal and plastic and currency depreciation while output price inflation slowed. Lastly, sentiment improved as firms were hopeful of better market conditions, investment, product diversification and demand. Manufacturing PMI in Mexico is reported by Markit Economics.

Manufacturing PMI in Mexico is expected to be 49.30 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 50.90 in 12 months time. In the long-term, the Mexico Manufacturing PMI is projected to trend around 49.50 in 2020, according to our econometric models.

Mexico Manufacturing PMI
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Mexico Business Last Previous Highest Lowest Unit
Business Confidence 49.70 49.40 58.60 34.00 Index Points [+]
Manufacturing PMI 49.00 49.80 57.10 49.00 [+]
Industrial Production -1.70 -2.90 23.82 -17.50 percent [+]
Industrial Production Mom -0.40 1.00 8.50 -8.00 percent [+]
Manufacturing Production 3.02 -0.83 18.26 -17.74 percent [+]
Capacity Utilization 81.10 81.50 82.50 74.10 percent [+]
Changes in Inventories 185467.00 179436.00 280468.77 49272.84 MXN Million [+]
Total Vehicle Sales 62669.00 63912.00 127604.00 6318.00 [+]
Car Production 337.46 292.64 381.99 35.61 Thousand Units [+]
Car Registrations 62669.00 63912.00 127604.00 6318.00 [+]
Leading Economic Index -0.90 -0.40 12.60 -11.00 percent [+]
Internet Speed 7538.43 7213.58 7538.43 949.27 KBps [+]
IP Addresses 13309655.00 13057425.00 14700484.00 4009120.00 IP [+]
Mining Production -7.46 -5.55 45.30 -25.22 percent [+]
Private Investment -8.80 -7.40 33.10 -41.90 percent [+]
Steel Production 1440.00 1580.00 1850.00 466.00 Thousand Tonnes [+]
Competitiveness Index 64.60 64.14 64.60 4.18 Points [+]
Competitiveness Rank 46.00 44.00 66.00 44.00 [+]
Crude Oil Rigs 33.00 37.00 107.00 8.00 [+]
Corruption Index 28.00 29.00 37.00 26.60 Points [+]
Corruption Rank 138.00 135.00 138.00 32.00 [+]
Ease of Doing Business 54.00 49.00 55.00 42.00 [+]
Gold Production 6746.00 7127.00 11688.00 384.00 Kg [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
49.00 49.80 57.10 49.00 2012 - 2019 Monthly
SA




Country Last Previous
Australia 53.10 Aug/19
Brazil 52.50 Aug/19
Canada 49.10 Aug/19
China 50.40 Aug/19
Euro Area 47.00 Aug/19
France 51.10 Aug/19
Germany 43.50 Aug/19
India 51.40 Aug/19
Indonesia 49.00 Aug/19
Italy 48.70 Aug/19
Japan 49.30 Aug/19
Mexico 49.00 Aug/19
Netherlands 51.60 Aug/19
Russia 49.10 Aug/19
Saudi Arabia 57.00 Aug/19
Singapore 49.90 Aug/19
South Africa 45.70 Aug/19
South Korea 49.00 Aug/19
Spain 48.80 Aug/19
Switzerland 47.20 Aug/19
Turkey 48.00 Aug/19
United Kingdom 47.40 Aug/19
United States 50.30 Aug/19


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