The Mexico’s trade balance increased its deficit in August to 4,868 million dollars from the surplus of 72 million dollars in July, as published by the National Institute of Statistics and Geography (INEGI). The figure has disappointed expectations of a deficit of 500 million, making it the worst balance recorded by the indicator in a year.
Mexican peso reaction
The Mexican peso has lost traction this Friday against the US dollar. At the time of writing, USD/MXN is trading above 19.60, losing 0.18% on the day.
Economic indicator
Trade Balance, Pesos
The trade balance published INEGI It is the difference in the value of your exports and imports. Exports can provide an important reflection on Mexico’s growth. A result higher than the market consensus is bullish for the peso, while a result lower than expected is bearish.
Last post: Fri Sept 27, 2024 12:00
Frequency: Monthly
Current: $-4,868B
Dear: $-0.5B
Previous: $-0.072B
Fountain: National Institute of Statistics and Geography of Mexico
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
