Mexico factory activity rises to 16 month high in September

Mexico factory activity rises to 16-month high in September

October 2, 2017

Activity in Mexico’s manufacturing sector increased in September to a 16-month high on the back of stronger output and new orders, a survey showed on Monday.

The Markit Mexico Manufacturing Purchasing Managers’ Index MXPMIM=ECI rose to 52.8 in September from 52.2 in August, when adjusted for seasonal swings.

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

“The latest set of PMI data show that economic conditions in Mexico remained on an upward trajectory, with factory output expanding in tandem with strong inflows of new work,” said . . .

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