Mexico factory exports, consumer imports climb

Mexican factory-made exports rose in April for a second month in a row, signalling that stronger US demand could support more robust growth in Latin America's No 2 economy. Manufactured exports rose 2.23 percent in April compared with March in seasonally-adjusted terms, the national statistics institute said on Monday. Auto exports rose 2.76 percent, while non-auto exports climbed 1.95 percent.
Mexico exports mostly manufactured exports, such as televisions and cars, versus reliance on raw materials like iron and soy beans elsewhere in the region. Nearly 80 percent of exports head to the United States. The data showed non-oil consumer imports rose in April by 0.95 percent from March, marking their fastest pace of expansion since October 2014.