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