Mexican Exports Fall

Mexico’s exports fell 8.8 percent in July from the previous month to $16.5 billion as US automakers curbed production at their Mexican factories. The country´s trade deficit rose to $620 million. The export data comes after Mexico´s GDP expanded a less-than-expected 3.1 percent in the second quarter, a seasonally adjusted decline of 0.42 percent. The country’s industrial output growth slowed more than expected in June, rising 0.7 percent from the year-earlier period.