Mexico Manufacturing Rise in June

The seasonally adjusted IHS Markit Mexico Manufacturing Purchasing Managers’ Index (PMI) in June was 52.2, up 1.6 points from May, marking the largest growth rate since February. Manufacturers reported supply-chain challenges and increased input demand, sparking an increase in purchasing costs and continued backlog buildup.

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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