The July seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) was 49.6, down 1.5 points from June, marking the first reading below 50 in 10 months. Manufacturers reported declines in employment, new orders, and output.
The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times, and stocks of raw materials. A reading above 50 indicates growth, while below represents a contraction. See S&P Global
