Latinnews Daily - 29 August 2017

* The national statistics institute (Inegi) has reported that in July Mexico registered a trade deficit of US$1.52bn, down from the US$1.83bn deficit registered in the same month of 2016. An Inegi reports says the improvement was driven by a 19.3% increase in oil exports, which increased to US$1.93bn in July, while the rest of Mexico’s exports rose at an average of 7.4%, to US$30.23bn. These statistics follow a pattern of consistent improvement for Mexico’s foreign trade, as Inegi reports a total trade deficit of US$4.43bn for the first seven months of the year, looking well-placed to improve on 2016’s twelve-month total of a US$13.13bn deficit, and the US$14.61bn deficit registered in 2015.

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