The seasonally adjusted IHS Markit Mexico Manufacturing Purchasing Managers’ Index (PMI) in August fell 2.5 points from July to 47.1, marking a quicker contraction after a near-positive July. Orders decreased at the fastest pace since March, and production and exports continued to fall.
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
