Mexico factory activity rebounds in Sept, helped by exports

Mexico factory activity rebounds in Sept, helped by exports

The pace of growth in Mexico's manufacturing sector picked up in September after a slump, helped by increases in new orders and the steepest rise in export sales in over three years, a survey showed on Monday.

The IHS Markit Mexico Manufacturing Purchasing Managers' Index rose to 51.7 in September from a 10-month low of 50.7 in August.

A reading above 50 signals expansion in the sector, while a reading below that points to contraction.

"With new work flowing in, goods producers loosened their purse strings, buying inputs and hiring additional workers at . . .