The October seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) dipped 0.1 points from September to 49.5. Manufacturers reported a decline in output and employment amid a slight increase in new orders.
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, while below represents a contraction. See S&P Global