Mexico’s factories were still hurting in August from the coronavirus pandemic, with production falling and firms cutting workers, though the pace of deterioration in business conditions eased for a fourth straight month, a survey showed on Tuesday.
The IHS Markit Mexico Manufacturing Purchasing Managers’ Index MXPMIM=ECI stood at 41.3 in August compared with 40.4 in July, still far below the 50-threshold that marks the boundary between contraction and expansion.
The index has been gradually recovering after plummeting to 35.0 in April, the lowest point in the survey’s nine . . .
