The February seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) increased 0.8 points from January to 47.1, marking the sixth straight month below 50. Manufacturers reported continued declines in output and new orders, but at a slower rate than in previous months.
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. See S&P Global