FX.co ★ Mexican Manufacturing PMI Declines Further in December, Signaling Deeper Contraction

The latest S&P Global Manufacturing Purchasing Managers' Index (PMI) data from Mexico paints a sobering picture as the index shrinks from 47.30 in November to 46.10 in December. Updated on January 2, 2026, these figures mark a further move into contraction territory, casting uncertainties over the health of Mexico's manufacturing sector as the new year unfolds.

A PMI reading below the critical 50-mark typically indicates shrinking activity in the manufacturing sector. The continued decline in Mexico’s PMI suggests persistent headwinds facing manufacturers, possibly due to various factors such as supply chain disruptions, lower demand, or economic uncertainties within global markets.

December's decline is the latest in a sequence pointing to a slowdown, and stakeholders across the board—from industry leaders to policymakers—will be closely monitoring the sector's performance as apprehensions loom over prolonged weaknesses in manufacturing output. Whether this trend will spark more robust intervention or policy adjustments remains a key question as the government and industry leaders seek pathways to revitalize growth.