(Recasts with exports, adds details on imports, graphic)
MEXICO CITY, July 25 Mexican factory exports
fell in June by the most since last December, casting doubt on
the strength of an economic recovery in Latin America's No. 2
Factory exports dropped 1.4 percent in June from May, the
national statistics agency said on Friday, after posting gains
in the previous four months.
Most of Mexico's exports are manufactured goods, and nearly
80 percent of the country's total exports are sent to the United
Mexico's economy is struggling to gain more traction due to
sluggish domestic consumption. A weak first quarter pushed the
government to slash its annual growth forecast for the year to
2.7 percent from 3.9 percent.
Non-oil consumer imports rose nearly 1 percent in June
compared to May in a sign of stronger domestic demand.
But Friday's report showed imports of factory parts and
capital goods like machinery fell, possibly pointing to weak
future growth in manufacturing production.
Mexico posted a $404 million trade deficit in June when
adjusted for seasonal swings. In non-seasonally
adjusted terms, Mexico posted a trade surplus of $424 million
(Reporting by Michael O'Boyle Editing by W Simon)