The IHS Markit Mexico Manufacturing PMI declined to 49.2 in June 2019 from 50 in the previous month. The reading pointed to the sharpest contraction in factory activity since October 2017, as output shrank due to weak sales, low investment, subdued demand conditions, political issues and stock levels. Also, new business dropped to the sharpest pace on record, amid weak domestic and foreign demand, client confidence and investment and new export orders fell mostly due to tariffs and unfavourable exchange rates. Additionally, employment was unchanged, firms reduced their input buying, and input stocks decreased for the second straight month linked with cashflow difficulties. On the price front, input costs went up boosted by higher prices of chemicals, foodstuff, metals, packaging, and plastics and rubber; exchange rate fluctuations; and tariffs. Finally, optimism weakened to the second-lowest since survey began amid trade tensions, weak investment and political uncertainty. Manufacturing PMI in Mexico is reported by Markit Economics.

Manufacturing PMI in Mexico is expected to be 49.50 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 51.20 52.40 58.60 34.00 Index Points [+]
Manufacturing PMI 49.20 50.00 57.10 49.20 [+]
Industrial Production -3.35 -2.84 23.82 -17.50 percent [+]
Industrial Production Mom -2.10 1.40 8.50 -8.00 percent [+]
Manufacturing Production 0.68 -0.42 18.26 -17.74 percent [+]
Capacity Utilization 81.50 80.70 82.50 74.10 percent [+]
Changes in Inventories 185467.00 179436.00 280468.77 49272.84 MXN Million [+]
Total Vehicle Sales 59524.00 56387.00 127604.00 6318.00 [+]
Car Production 337.25 349.63 381.99 35.61 Thousand Units [+]
Car Registrations 59524.00 56387.00 127604.00 6318.00 [+]
Leading Economic Index -1.40 1.30 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 [+]
Private Investment -5.70 -2.40 33.10 -41.90 percent [+]
Mining Production -8.90 -8.96 45.30 -25.22 percent [+]
Steel Production 1670.00 1600.00 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 32.00 33.00 107.00 8.00 [+]
Ease of Doing Business 54.00 49.00 55.00 42.00 [+]
Corruption Index 28.00 29.00 37.00 26.60 Points [+]
Corruption Rank 138.00 135.00 138.00 32.00 [+]


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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
49.20 50.00 57.10 49.20 2012 - 2019 Monthly
SA




Country Last Previous
Australia 49.43 Jun/19
Brazil 51.00 Jun/19
Canada 49.20 Jun/19
China 49.40 Jun/19
Euro Area 47.60 Jun/19
France 51.90 Jun/19
Germany 45.00 Jun/19
India 52.10 Jun/19
Indonesia 50.60 Jun/19
Italy 48.40 Jun/19
Japan 49.30 Jun/19
Mexico 49.20 Jun/19
Netherlands 50.70 Jun/19
Russia 48.60 Jun/19
Saudi Arabia 57.40 Jun/19
Singapore 49.60 Jun/19
South Africa 46.20 Jun/19
South Korea 47.50 Jun/19
Spain 47.90 Jun/19
Switzerland 47.70 Jun/19
Turkey 47.90 Jun/19
United Kingdom 48.00 Jun/19
United States 50.60 Jun/19


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