As inflation strikes Mexico, manufacturing output continues to fall

MEXICO CITY, Mexico: Rising costs due to inflation resulted in Mexico's manufacturing sector declining in July, despite hopes for a recovery.

The S&P Global Mexico Manufacturing Purchasing Managers' Index, released this week, fell to 48.5 in July from 52.2 in June.

Of note, since March 2020 Mexico's manufacturing index has largely remained below the 50-point threshold that separates growth from contractio