In December 2022, the seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) was 51.3, rising 0.7 from November and marking the most growth since June. The index increase was attributable to improved demand and expected higher prices in 2023.
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
