FX.co ★ Mexico's S&P Global Manufacturing PMI Slips Further in February

Mexico's manufacturing sector faced an additional decline in February, as the S&P Global Manufacturing Purchasing Managers' Index (PMI) reported a drop to 47.60. This recent figure, updated on March 3, 2025, marks a further decrease from January's PMI of 49.10, indicating a contraction in the manufacturing activity since it falls below the neutral 50.0 threshold.

The continued slide in the PMI points to challenging conditions for Mexican manufacturers, who are grappling with persistent hurdles including supply chain disruptions, fluctuating raw material costs, and depressed demand levels. February's reading highlights an exacerbated slowdown after January's figures had already suggested a contraction, raising concerns over the sector's short-term outlook.

Analysts express growing apprehension over the potential impact on the broader Mexican economy, as the manufacturing sector is a critical component of industrial production and economic growth. Stakeholders are closely monitoring the situation, hoping for signs of stabilization or recovery in the coming months. The unexpected downturn in February calls for renewed focus on policies that can support the manufacturing industry and help navigate lingering economic challenges.