Mexico Manufacturing Improves Slightly in October

The seasonally adjusted IHS Markit Mexico Manufacturing Purchasing Managers’ Index (PMI) in October rose 0.7 points from September to 49.3, though still in contraction.  Supply-chain issues led to higher input costs, decreased production and near-record long supply delivery times, but business sentiment reached a 42-month high with manufacturers expecting that the pandemic will end and material availability will improve.

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

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