Mexico’s international trade growth fell 3.4% year over year in June after imports dropped 7.8%. The downturn in imports has been widespread with intermediate manufactured goods down 6.2% and capital goods by 21.3%. Neither bode well for the state of the economy. The technology sector appears to have bucked the trend with Foxconn and Jabil Circuit’s imports rising 14.8% and 34.2% respectively in June compared to a year earlier, while Wistron’s fell 23.4%. Exports are still increasing and included an 8.4% surge in shipments to the U.S. That’s led to a further surge in the trade surplus wi...
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