The May seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) was 51.2, up 0.2 points from April, with new orders increasing for the fourth consecutive month. Manufacturers reported a rise in demand and output.
The PMI index is comprised 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, while below represents a contraction. See S&P Global