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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
MexicoMexico Markit Manufacturing PMI climbed to 52.8 in September 2017
FMPMonthlyReleased October 2017
Mexico Markit Manufacturing PMI climbed to 52.8 in September 2017, released October 2017, up 0.6 from August's 52.2 reading. The reading matched the 51.7 consensus. Markit Manufacturing PMI has now risen for 3 consecutive months. Over the past 3 months, Markit Manufacturing PMI averaged 51.7, vs 51.4 in the prior 3-month window. Markit Manufacturing PMI is now the highest in 15 months.
Latest Release
52.8
Actual
51.7
Consensus
52.2
Previous
Median Absolute Error
±1.2
across last 12 releases
Last Call
Oct 2017
Predicted: 51.55
Actual: 52.8
Error: -1.25
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/MXN | ▼ Inverse | −0.50 | FOREX | Bullish MXN | → View |
| WTI Crude | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Markit Manufacturing PMI (Mexico) was reported at 48.00 in March 2022. The reading rose from the previous value of 46.10. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 47.83, down from the prior three at 49.10.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/MXN (Bullish MXN). A secondary relationship exists with WTI Crude, positively correlated (Watch). Over the last 12 releases, the Sigmacast model's median absolute error is 1.20.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Balance of Trade (May 25) and Business Confidence (Jun 1).
Auto-generated from current model state · Refreshes on each release · Last update March 2022.
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Markit Manufacturing PMI - MX
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About Markit Manufacturing PMI — Mexico
DEFINITION
Markit Manufacturing PMI is a widely recognized financial indicator that measures the performance of the manufacturing sector in a particular country. It provides valuable insights into the health and growth of the economy by tracking changes in key factors such as production, new orders, employment, and supplier deliveries. This data is collected through surveys of purchasing managers in the manufacturing industry, making it a reliable and timely indicator of economic activity. Investors, policymakers, and businesses use Markit Manufacturing PMI to make informed decisions and stay ahead of market trends.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2022): actual 48. Prior reading (Jan 2022): 46.1. Before that (Dec 2021): 49.4.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/MXN (Bullish MXN, r=-0.50) — a useful reference for forex-focused traders.