September Mexico Manufacturing Index Dips

The September seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) was 49.8, declining 1.4 points from August, marking the first reading below 50 in eight months. Manufacturers reported a decrease in new orders, output and employment.

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

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