EL7.AI
Macro EconomyMedium•3 November 2026•
1 min read

Mexico Manufacturing PMI Hits 49.5 in October as Sector Returns to Contraction

Key Facts

1Mexico's manufacturing PMI fell to 49.5 in October from 50.3 in September, moving back into contraction territory.
2Factory output declined at its fastest pace in six months, extending a downturn that began in July 2024.

Mexico's manufacturing PMI fell to 49.5 in October 2026 from 50.3 in September. TradingView reported that the sector moved back into contraction territory as factory output declined at its fastest pace in six months, extending a downturn that has persisted since July 2024.

The manufacturing slump comes despite Mexico reporting a 3.2% year-on-year GDP growth rate on October 30, 2026. While business confidence improved to 48.4 on November 3, 2026, the sector faced a significant reduction in employment levels and a third consecutive month of contracting purchasing activity.

An interest rate decision is scheduled for November 5, 2026, with forecasts suggesting rates may be held at 6.5%. This follows the upcoming consumer confidence data due on November 4, 2026, which will be monitored alongside the manufacturing sector's performance.