Mexico - Produksjon PMI

The IHS Markit Mexico Manufacturing PMI dropped to 48 in November 2019 from 50.4 in the previous month. The reading pointed to the sharpest contraction in the factory sector since series began, as output declined for the sixth consecutive month and at the steepest pace on record. Also, new orders fell to the second-fastest pace since the inception of the survey amid projects pending approval, fewer customer orders, competitive pressures and economic troubles. In addition, new export orders went down solidly due to weak demand; and the job shedding rate accelerated to its quickest on record, mainly due to the termination of temporary contracts, downsizing and reduced working hours. On the price front, input cost inflation slowed to an all-time low; and output price inflation eased. Finally, sentiment declined to its lowest level since series began, amid market uncertainty and concerns regarding domestic economy.

The IHS Markit Mexico Manufacturing PMI rose to an eight-month high of 50.4 in October 2019 from 49.1 in the previous month, pointing to a marginal strengthening in the health of the sector. New orders rose and employment increased for the first time in eight months, while output contracted for the fifth consecutive period. Manufacturers continued to limit input purchasing, with the latest monthly decline stretching the current period of contraction to eight months. On the price front, input cost inflation fell to a survey-record low, amid reports of discounts offered by suppliers, lower prices for energy and some raw materials. Business confidence strengthened to a five-month high on the back of predictions of sales growth, better economic conditions and the launch of new product lines.

The IHS Markit Mexico Manufacturing PMI increased to 49.1 in September 2019 from 49 in August. The reading pointed to the fourth consecutive contraction in factory activity, as output dropped at the fastest pace since series began, amid tough economic conditions, subdued client sentiment and weak demand. Additionally, new export orders shrank due to downward revisions to sales projections and weak demand from the US and new orders stabilised after falling for three successive months. Also, job shedding continued as outstanding orders went down slightly. Quantities of purchases fell for the 7th straight month and at the steepest pace on record. On the price front, input cost inflation accelerated to a 9-month high boosted by tariffs, taxation and currency depreciation and output prices fell on efforts to attract new business. Lastly, sentiment strengthened to a 4-month high, amid optimistic regarding expectation sales, exports, investment, advertising and new product launches.

The IHS Markit Mexico Manufacturing PMI fell to 49 in August 2019 from 49.8 in July. The reading pointed to the steepest contraction in factory activity since series began, as new orders dropped for the third straight month and at the fastest pace on record amid lower sales, market conditions and problems in the auto sector. Also, input buying continued to decline mostly due to challenging market conditions and destocking initiatives. Additionally, employment fell mainly due to cashflow issues and the non-renewal of temporary contractors. Meanwhile, new export work rose for the first time in three months linked to higher sales to Europe, the US and Latin America. On the price front, input price inflation picked up to a seven-month high boosted by cost of chemical, foodstuff, metal and plastic and currency depreciation while output price inflation slowed. Lastly, sentiment improved as firms were hopeful of better market conditions, investment, product diversification and demand.

The IHS Markit Mexico Manufacturing PMI edged up to 49.8 in July 2019 from 49.2 in the previous month, as new orders and exports continued to decline, but a moderate pace. Meantime, the rate of decrease of output was broadly similar to that seen in June. In particular, an unplanned strong rise in inventories of finished goods resulting from low sales was pointed as a factor which prevented output to rise. Also, employment was unchanged for the second month in a row. On the price front, input cost inflation softened to a four-month low, while charges were raised to the greatest extent since last September. Looking ahead, business confidence waned further, reaching its lowest in the series history, amid worries of an economic recession, unstable market conditions, weak client demand and uncertainty.

The IHS Markit Mexico Manufacturing PMI declined to 49.2 in June 2019 from 50 in the previous month. The reading pointed to the sharpest contraction in factory activity since October 2017, as output shrank due to weak sales, low investment, subdued demand conditions, political issues and stock levels. Also, new business dropped to the sharpest pace on record, amid weak domestic and foreign demand, client confidence and investment and new export orders fell mostly due to tariffs and unfavourable exchange rates. Additionally, employment was unchanged, firms reduced their input buying, and input stocks decreased for the second straight month linked with cashflow difficulties. On the price front, input costs went up boosted by higher prices of chemicals, foodstuff, metals, packaging, and plastics and rubber; exchange rate fluctuations; and tariffs. Finally, optimism weakened to the second-lowest since survey began amid trade tensions, weak investment and political uncertainty.