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Mexican manufactured exports rebound in October

Tuesday, November 27, 2012

Mexican manufactured exports rose in October, rebounding from a recent slump and pointing to renewed health in US appetite for Mexican goods while a jump in imports showed domestic demand remained solid.

Manufactured exports rose 1.46 percent last month compared with September, even as the month-on-month rate of exports fell 0.9 percent due to a drop in oil exports, the national statistics agency said on Monday.

Demand for Mexican-made cars and TVs in the United States has bolstered Latin America's second-biggest economy amid a wider global slowdown. Mexico is on track to outpace the rate of growth in regional rival Brazil for the second year in a row.

Source: Business Recorder