Mexico Manufacturing Remains in Contraction in December

The seasonally adjusted IHS Markit Mexico Manufacturing Purchasing Managers’ Index (PMI) in December 2021 remained steady at 49.4, still in contraction.  Low demand drove declining factory orders and supply-chain issues led to near record input costs and increased supply delivery times. As a result, manufacturers passed higher costs onto consumers.

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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