The seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) in January was 48.9, dropping 2.4 points from December 2022. The index decline was attributed to decreased client sales, inflation, and economic challenges.
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