Mexico Manufacturing Nearly Unchanged in November

The seasonally adjusted IHS Markit Mexico Manufacturing Purchasing Managers’ Index (PMI) in November rose 0.1 point from October to 49.4, though still in contraction.  Supply-chain issues continued to lead to higher input costs, decreased production and near-record long supply delivery times. As a result, manufacturers shed jobs at the second-highest rate in six months and business optimism waned.

The PMI index is composed of 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 IHS Markit

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