The IHS Markit Mexico Manufacturing PMI rose to 48.4 in April of 2021 from 45.6 in the previous month. The latest reading pointed to the smallest contraction in factory activity in the current 14-month sequence of declines. There were notably softer reductions in new orders, output, exports, employment and stocks as demand improved. Still, supply-chain constraints, raw material shortages and the Suez Canal blockage underpinned a further increase in delivery times and the sharpest rise in input costs since July 2018. Meanwhile, firms absorbed the additional cost burden and reduced their selling prices amid efforts to stimulate demand. Finally, business sentiment reached a two-month high, supported by hopes that COVID-19 restrictions will be lifted soon. source: Markit Economics
Manufacturing PMI in Mexico averaged 50.79 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 May of 2021.
Manufacturing PMI in Mexico is expected to be 48.00 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 48.30 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.