Mexico manufacturing PMI drops to two-year low ...Middle East

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Mexico manufacturing PMI drops to two-year low
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PMI falls to 48.5, lowest since August 2022New orders and production decline acceleratesCost inflation hits 21-month high, driven by raw material shortages and peso depreciationJob shedding continues for fourth straight monthEmployment decreased for the fourth monthExport sales saw a substantial drop, particularly from US customersThe Mexican manufacturing sector took another hit in August, with the S&P Global Mexico Manufacturing PMI dropping to 48.5 from 49.0 in July. It's not a great sign for the global economy, though there are people willing to bet that we're at the bottom of the global growth cycle in light of looming rate cuts.Pollyanna De Lima, Economics Associate Director at S&P Gl

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