The seasonally adjusted IHS Markit Mexico Manufacturing Purchasing Managers’ Index (PMI) in February was 44.2, up 1.2 points from January and the highest level since March 2020. New orders and output decreased significantly in February and export orders fell at the fastest rate of the entire pandemic period. Sentiment was stronger for the future based on vaccine availability.
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 Markit