Mexico Manufacturing Improves in June
The seasonally adjusted IHS Markit Mexico Manufacturing Purchasing Managers' Index (PMI) in June was 48.8, rising 1.2 points from May and the slowest decline in 16 months. Another month of lower orders caused manufacturing production and employment to fall, but optimism reached its strongest level since January 2020.
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 Mar–kit