The March seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) increased 1.8 points from February to 48.9 but remained below 50 for the seventh straight month. Manufacturers reported continued declines in demand, output, and new orders, partially due to the Middle East war and U.S. tariffs.
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