The Mexican trade deficit was 32% lower than a year earlier in August, and 14% lower than that expected by economists. Exports returned to growth, with a 5% climb helped by auto exports. Of more concern though was a 15% decline in consumer goods imports, which meant imports increased by just 1.5% – domestic confidence may be low. Unhelpfully from a political perspective, Panjiva data shows exports to the U.S. increased 5.2% on a year earlier, while imports dropped 1.4%.