The seasonally adjusted IHS Markit Mexico Manufacturing Purchasing Managers’ Index (PMI) in May was 50.6, up 1.3 points from April, entering positive territory for the first time in 31 months. Manufacturers reported higher export orders and hiring, but overall sales were down, and input costs had the second-highest spike since the history of the survey dating back to 2011.
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