Mexican trade expanded by 11% in August, making the fourth straight month of growth and the 10th in the past 12. Imports jumped 12%, outpacing a 10% rise in exports with the result that the trade deficit was 1.7x that expected. There will likely be a step back in September as a result of Hurricane Maria and the September 7 earthquake. Trade with the U.S. also grew, but exports climbed quicker than imports (7% vs. 4%) with the result that the surplus reached $12 billion for the month, Panjiva data shows. That would result in the trailing annual average reaching the highest in at least fiv...
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