The pace of growth in Mexico’s manufacturing sector picked up in August on stronger output, new orders and employment, a survey showed on Friday.
The Markit Mexico Manufacturing Purchasing Managers’ Index MXPMIM=ECI rose to 52.2 in August from 51.2 in July, when adjusted for seasonal swings.
A reading above 50 signals expansion in the sector, while a reading below that points to contraction.
“The latest data sustained the recent trend of growth, but at a modest pace,” IHS Markit director Paul Smith said in a statement.
Output and new orders picked up after they had slipped . . .
