The February seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) was 47.6, decreasing 1.5 points from January and marking the eighth consecutive month below the 50 no-change mark. Manufacturers reported declines in demand and employment along with the suspension of orders in production.
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
