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Mexico's trade balance swings to deficit in April

Monday, May 28, 2012

Mexico's trade balance swung to a deficit in April as exports cooled although a drop in the jobless rate in the same month underscored strength in the domestic economy at the start of the second quarter.

Total exports fell 4.2 percent in April from March to $31 billion, as manufacturing exports dipped 2.3 percent and pushed the trade balance $433 million into the red, the national statistics agency said on Friday.

In non-seasonally adjusted terms, Mexico posted a trade surplus of $560 million.

Source: Reuters