Mexico city at goldenhour

Mexico PMI August 2020

Mexico: Manufacturing PMIs diverge in August but remain in contractionary mode

The seasonally-adjusted manufacturing Purchasing Managers’ Index (PMI) produced by the Mexican Institute of Financial Executives (IMEF) slipped from 47.8 in July to 45.0 in August. Thus, it fell further below the 50-point threshold, indicating a sharper contraction of the manufacturing sector. August’s dip reflected a broad-based decline across the index components, with new orders and production in particular falling at faster rates compared to July.

In contrast, the seasonally-adjusted manufacturing PMI produced by IHS Markit edged up from 40.4 in July to 41.3 in August, the highest reading in five months. That said, it remained well below the 50-threshold, pointing to another stark deterioration of business conditions in the manufacturing industry. August’s climb was mainly driven by softer declines in production and workforce numbers, as well as easing pessimism among manufacturers. Nevertheless, overall demand conditions remained subdued as Covid-19 continued to bite.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest