The IHS Markit Mexico Manufacturing PMI climbed to 48.8 in June of 2021 from 47.6 in the previous month, pointing to the slowest contraction in factory activity in the current 16-month sequence of declines. Mexican firms continued to be negatively affected by the COVID-19 pandemic, business closures and raw material shortages, but the pace of contraction in production, new business inflows and new export orders was the slowest since March 2020 amid signs of recovery in client demand both domestically and internationally. On the price front, average input prices rose at the second fastest pace in 34 months, while output charges were marginally lower. Business morale stood at a 17-month high in June, above the 50 threshold, underpinned by hopes of sales growth, easing raw material shortages and progress in the vaccination drive. source: Markit Economics
Manufacturing PMI in Mexico averaged 50.74 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 July of 2021.
Manufacturing PMI in Mexico is expected to be 49.00 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 48.00 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.