The April seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) decreased 1.2 points from March to 47.7 and remained below 50 for the eighth straight month. Manufacturers reported continued declines in demand, causing lower production, output, and employment.
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