Economy / Mexico
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Macroeconomic Forecast Mexico
July 2008 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Mexico's trade balance for June entered positive territory for the first time since April 2006, posting a surplus of US$270mn (from a US$61mn shortfall in the previous month). The reason for this change was slower import growth (up just 0.46% m-o-m), than exports (up 1.7% m-o-m). As a result, the 3-month moving average for exports continues to grow faster than imports, a trend which has been in play since September 2007.