The April seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) was 51.0, dipping 1.2 points from March but still signifying growth and marking the seventh consecutive month above the 50 no-change reading. Manufacturers reported a decline in production but continued improvement in new orders.
The PMI index is comprised 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, while below represents a contraction. See S&P Global
