Mexico’s Manufacturing Orders Indicator (PMI) increased 1.5 percent in April, compared to the previous month. In the first four months of the year, the indicator reported three monthly increases, according to seasonally adjusted data from the national statistics agency Inegi.
The increase in the total PMI was due to the best performance in four out of five components. The largest monthly increase was in the expected times for the delivery of inputs with an advance of 3.3 percent. The expected production registered a growth of 1.9 percent, orders increased 1.5 percent and the opinion on employed personnel grew 0.4 percent.
In contrast, the inventory of inputs decreased 2.3 percent, compared to last month's index.
In April the PMI was 52.8 points, a level in the expansion zone above 50 points. The PMI has accumulated 35 consecutive months in the expansion zone.