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Mexico factory index falls to 49.5 in October, back into contraction

The S&P Global manufacturing PMI dropped below the neutral 50 mark and missed forecasts, with output falling at its fastest pace in six months.

Photo: The Rio Times

What happened

The S&P Global Mexico Manufacturing PMI fell to 49.5 in October 2026 from 50.3 in September, slipping below the neutral 50.0 mark. The Rio Times+1 Analysts had expected a reading of 50.1, so the index missed by 0.6 points. The Rio Times Factory output fell at the fastest pace in six months, and employment declined at the fastest rate since May. TradingView New orders rose for a sixth consecutive month, but growth was marginal and the weakest in that period, and purchasing activity contracted for a third month. TradingView

Around it

New export orders returned to growth, and business confidence improved on expectations of recovering demand and higher investment. TradingView Input cost inflation accelerated to a three-month high, while selling price inflation slowed to its weakest pace since April. TradingView Pre-production inventories fell for a thirteenth consecutive month, while finished goods stocks edged higher. TradingView Polymarket, a prediction market, gave 68.0% odds that Banxico, Mexico's central bank, holds rates in November. The Rio Times

Sources

  1. The Rio TimesMexico October Factory Index Slips to 49.5
  2. TradingViewMexico Manufacturing PMI Returns to Contraction

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