The S&P Global Mexico Manufacturing PMI rose to 53.2 in July 2023 from 50.9 in June, marking the sixth period of expansion in the factory activity and the highest reading since May 2016, as all five sub-components contributed positively. New orders posted the strongest increase since February 2019, thanks to easing price pressures, agreeable weather conditions, and buoyant client demand. The upturn in sales was accompanied by recovered exports, with international orders advancing for the first time in five months. Meanwhile, output grew the most since early 2019, prompting firms to scale up buying and hire extra staff. On input costs, inflation waned and stayed broadly in line with its long-run average. The future outlook was boosted by plans to price competitively, marketing initiatives, favorable tourism, and forecasts of strong sales trends. Nearshoring potential as businesses shift away from Asia into Mexico to fulfill demand from the US also added optimism. source: Markit Economics

Manufacturing PMI in Mexico averaged 50.57 points from 2012 until 2023, reaching an all time high of 57.10 points in December of 2012 and a record low of 35.00 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 August of 2023.

Manufacturing PMI in Mexico is expected to be 52.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Manufacturing PMI is projected to trend around 55.00 points in 2024, according to our econometric models.

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Mexico Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 53.20 50.90 points Jul 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
53.20 50.90 57.10 35.00 2012 - 2023 points Monthly
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News Stream
Mexico Manufacturing PMI at 7-Year Highs
The S&P Global Mexico Manufacturing PMI rose to 53.2 in July 2023 from 50.9 in June, marking the sixth period of expansion in the factory activity and the highest reading since May 2016, as all five sub-components contributed positively. New orders posted the strongest increase since February 2019, thanks to easing price pressures, agreeable weather conditions, and buoyant client demand. The upturn in sales was accompanied by recovered exports, with international orders advancing for the first time in five months. Meanwhile, output grew the most since early 2019, prompting firms to scale up buying and hire extra staff. On input costs, inflation waned and stayed broadly in line with its long-run average. The future outlook was boosted by plans to price competitively, marketing initiatives, favorable tourism, and forecasts of strong sales trends. Nearshoring potential as businesses shift away from Asia into Mexico to fulfill demand from the US also added optimism.
2023-08-01
Mexican Factory Activity Expands for 5th Month
The S&P Global Mexico Manufacturing PMI edged higher to 50.9 in June of 2023 from 50.5 in the previous month, marking the fifth consecutive period of expansion for the Mexican factory activity, and challenging the wave of contractions in Europe and the Americas. Albeit at a slow pace, factory output grew the most in four years as companies turned to their backlogs to compensate for a slight decline in new orders. Despite stronger output numbers, factories continued to report lower payroll. In the meantime, manufacturers faced a fresh increase in input costs due to shortages from vendors, but competitive conditions limited the increase in the output charge that firms could pass to customers. Looking forward, advertising, expectations of higher sales, new product releases, and improved productivity supported business optimism in June.
2023-07-03
Mexico Factory Activity Expands for 4th Month
The S&P Global Mexico Manufacturing PMI edged down to 50.5 in May from 51.1 in the prior month but remained in the expansion territory for the fourth month. The sales volumes experienced a renewed decline, reflecting sluggish market demand and reports of limited access to credit, while production levels also decreased, reversing April's rise. Still, rates of reduction were marginal in both cases. Supporting the operating conditions were higher job creation, growth of input stocks, and lengthening delivery times. On the cost front, the rate of output inflation slowed to a 20-month low while selling prices were little changed. Looking forward, business confidence weakened from April.
2023-06-01