The August seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) grew 1.1 points from July to 50.2, marking the highest reading in seven months and the first time above 50 in fourteen months. The August seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) grew 1.1 points from July to 50.2, marking the highest reading in seven months and the first time above 50 in fourteen months. Manufacturers reported a softer decline in production, output, and employment amid increased new orders.
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