April Mexico Manufacturing Improves

The seasonally adjusted IHS Markit Mexico Manufacturing Purchasing Managers’ Index (PMI) in April was 49.3, up 0.1 points from March though still in its 26th straight month of contraction. Input costs remained at a near-record high and companies reported further declines in demand and output while inflation hit a 46-month high.

The PMI index is composed of five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times and stocks of raw materials. A reading above 50 indicates growth.  See IHS Markit

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