The March seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) was 52.2, dipping 0.1 point from February but still signifying growth. Manufacturers reported continued improvement in new orders and production.
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
