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Mexico Manufacturing PMI Fell to 48.5 in July 2022

The S&P Global Mexico Manufacturing PMI fell to 48.5 in July of 2022 from 52.2 in June, pointing to a renewed contraction in the country’s factory activity after two consecutive months of growth. Both new orders and output declined, weighed down by strong inflationary pressures and lingering supply-chain disruptions. Subsequently, firms cut their workforce numbers and reduced purchasing activity. On the price front, both input inflation and output charge inflation remained historically high. Finally, business sentiment decreased to the lowest in six months and remained well below the long-term average. source: Markit Economics

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