Activity in Mexico’s manufacturing sector shrank for a third consecutive month in August, a survey showed on Monday, as weakening domestic demand and subdued business sentiment weighed on Latin America’s second-largest economy.
The IHS Markit Mexico Manufacturing Purchasing Managers’ Index MXPMIM=ECI stood at 49.0 in August, sliding to the lowest reading in the survey’s nearly 8-1/2 year history and down from 49.8 in July.
A figure above 50 signals expansion in the sector, while a reading below that threshold points to contraction.
The manufacturing sector has contracted six times in the . . .