The August seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) was 48.5, down 1.1 points from July and the lowest reading in two years. 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
