The September seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) was 47.3, down 1.2 points from August and the lowest reading in over two years. Manufacturers reported declines in new orders and output amid economic uncertainty.
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
