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
