The July seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) increased 2.8 points from June to 49.1, marking the highest reading in six months but remaining below 50 for the thirteenth consecutive month. Manufacturers reported a softer decline in new orders, output, and employment amid lower demand.
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