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Manufacturing output in Mexico rises at fastest pace for five months

Staff Writer | November 2, 2016
The Mexican manufacturing sector experienced another moderate improvement in business conditions during October, led by the fastest expansion of production volumes for five months.
Mexico manufacturing
LatAm   Markit Mexico Manufacturing PMI
The latest survey also revealed a stronger upturn in export sales, with new work from abroad rising at the steepest pace since March.

While the weak peso-dollar exchange rate supported export sales, there were also widespread reports citing higher imported raw material costs in October.

This contributed to stronger inflationary pressures across the manufacturing sector, with the latest rise in input prices the fastest for seven months.

The headline Markit Mexico Manufacturing PMI is a composite single-figure indicator of manufacturing performance. It is derived from indicators for new orders, output, employment, suppliers’ delivery times and stocks of purchases.

Any figure greater than 50.0 indicates overall improvement of the sector. Adjusted for seasonal influences, the Markit Mexico Manufacturing PMI registered 51.8 in October, down only fractionally from a four-month high of 51.9 in September.

The latest reading was slightly higher than the average seen in the third quarter of 2016 (51.1) and signalled a moderate improvement in overall business conditions.


 

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