The seasonally adjusted IHS Markit Mexico Manufacturing Purchasing Managers’ Index (PMI) in March was 49.2, up 1.2 points from February though still in its 25th straight month of contraction. Input costs were at the second highest rate in the 11-year history of the report and companies reported further declines in sales and exports, as well as continued scarcity.
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