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.

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Mexico Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
48.80 47.60 57.10 35.00 2012 - 2021 points Monthly
SA


News Stream
Mexico Manufacturing Shrinks the Least in 16 Months
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.
2021-07-01
Mexico Factory Activity Shrinks for 15th Straight Month
The IHS Markit Mexico Manufacturing PMI retreated to 47.6 in May of 2021 from 48.4 in the previous month, pointing to the 15th straight month of contractions in Mexican factory activity. Output and new orders were weighed down by subdued sales, raw material shortages, competitive pressure and the ongoing COVID-19 pandemic. Weak external demand and public-health restrictions were key factors behind the decline in external sales, and employment fell at the fastest pace in three months, amid the ending of temporary contracts, resignations, and lack of new work. On the price front, input inflation softened from a 33-month high hit in the prior month and stood below the long-term average, while output prices decreased due to efforts to boost sales. Looking ahead, manufacturers were the most optimistic in 16-months, on hopes that product launches, vaccine progress, and promotional activities could underpin output growth over the next 12 months.
2021-06-01
Mexico Factory Activity Falls the Least in Over a Year
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.
2021-05-03
Mexico Factory Activity Falls the Least in a Year
The IHS Markit Mexico Manufacturing PMI rose to 45.6 in March of 2021 from 44.2 in February, pointing to the smallest contraction in the manufacturing sector in a year. Factory orders and production decreased for a thirteenth straight month but the rates of contraction softened. Also, purchasing activity and employment continued to fall although less, on reports of subdued demand conditions, downsizing, shutdowns and the nonrenewal of temporary contracts. On the price front, input cost inflation soared to a 28-month high, amid unfavorable exchange rates, material shortages and supplier price adjustments. On the other hand, output charges decreased for the seventeenth month in a row due to ongoing efforts to attract new business. Finally, business optimism fell from February's one-year high, with the level of positive sentiment well below the series average, amid concerns that COVID-19 restrictions may linger and that the economic recovery will be slow.
2021-04-05

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.