The IHS Markit Mexico Manufacturing Purchasing Managers’ Index (PMI) was 41.3 in August, increasing 0.9 points from July. Conditions, though still in contraction, have improved for the last four months. The rate of workforce contractions also improved to its best conditions since March, but lack of demand caused production to continue to fall sharply.
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
