Mexico’s trade boom entered a 13th straight month in May after an 11% increase in activity vs. a year earlier. A slowdown from 13% in the prior quarter was due to unchanged agricultural exports and a 6% rise in automotive shipments. The outlook will depend on the progress of trade talks with the U.S. and Canada regarding NAFTA. The future for those negotiations, in turn, will depend on whether the new government – likely to be led by MORENA party candidate Andrés Manuel López Obrador (AMLO) – can or will cooperate with the outgoing government in talks through December. In the meantime th...
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