The January seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) was 50.2, dipping 1.8 points from December 2023. Manufacturers reported a decrease in new orders and output due to customer uncertainty and a decline in demand.
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
