The seasonally adjusted IHS Markit Mexico Manufacturing Purchasing Managers’ Index (PMI) was 49.6 in July, rising 0.8 points from June marking the slowest decline in 17 months. Orders, production and exports were still down, but contracted at the lowest rate since the pandemic began.
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 Mar–kit
