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Mexico factory exports barely grow in March

Monday, April 28, 2014

The pace of Mexican factory export growth slowed in March, pointing to a sluggish economic recovery and backing bets for steady borrowing costs ahead.

Factory exports rose 0.07 percent in March from February, the national statistics agency said on Monday, as an increase in auto exports was offset by a dip in other manufactured goods.

Mexican-made exports had risen at their fastest pace in over four years in February after a dip in the prior two months.

Source: Reuters