Strong Finish for 2023 Mexico Manufacturing Index

The December 2023 seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) was 52.0, dipping 0.5 points from November. Despite the minor decline, it was the strongest quarter since Q1 of 2018. Manufacturers reported continued growth in new orders as the core driver of December’s improvement.

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

Scroll to Top