Mexico’s international trade activity climbed 16% in July, making the 15th straight rise. While fuel prices were the primary driver a 13% increase in all other products showed robust underlying activity. Export growth was led by the automotive industry, including a 17% rise in shipments to the U.S. NAFTA worries may have driven that but should be alleviated following the recent agreement reached between the U.S. and Mexican governments. The latter isn’t yet finalized and could yet be jeopardized by a 12 month total trade surplus that has reached a record $74 billion after exports to the ...