Mexico: Export Growth Slows

Mexico’s exports rose 13 percent year-on-year in May to $18.31 billion on decelerating demand from the US, which buys 85 percent of Mexico’s exports. Exports were up 18 percent year-on-year in April. Mexico’s GDP grew 2.4 percent in the first quarter, down from 4.9 percent in the fourth quarter of 2004.