(Adds import data)
MEXICO CITY Aug 27 Mexican factory exports
rebounded in July, rising at their fastest pace in five months
and raising hopes for a strengthening economic recovery in Latin
America's No. 2 economy.
Factory exports picked up 3.81 percent in July from June,
the national statistics agency said on Wednesday, after
contracting by a revised 1.3 percent the prior month and marking
their biggest drop since December.
Most of Mexico's exports are manufactured goods, and nearly
80 percent of the country's total exports are sent to the United
But non-oil consumer imports fell by 1.34 percent, their
biggest drop since November, signaling flagging domestic demand.
Mexican economic growth was stronger than expected in the
second quarter as industrial activity and domestic demand perked
up, signaling a recovery is gathering pace.
Mexico posted a $400 million trade surplus in July when
adjusted for seasonal swings, the data also showed.
In non-seasonally adjusted terms, Mexico posted a trade deficit
of $980 million.
(Reporting by Alexandra Alper; Editing by Chizu Nomiyama)