The May seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) was 46.7, increasing 1.9 points from April but marking the eleventh consecutive month below the 50 mark. Manufacturers reported a falloff in new orders, production, and employment amid tariff declarations.
The PMI index comprises 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