Best viewed on a device with a bigger screen...
Mexico’s deficit in May remained very large by past standards, due mainly to high energy prices.
The value of imports likely will continue to rise in Q3, but weaker domestic demand will be a drag later on.
Labour market conditions deteriorated, at the margin, in May, but enough to make Banxico uneasy.
This publication is only available to Latin America Economic Research (Monitor) subscribers
Pantheon Macroeconomics produce daily publications for U.S., Eurozone, Latin America, UK and Asia, as well as analysis on key data within a few minutes of their release.
auto sector, banxico, capex, capital goods, commodities, crude oil prices, deficit, domestic demand, energy, energy prices, exports, imports, job market, June, labour, labour demand, labour market, manufacturing, manufacturing sector, May, mexico, net trade, oil, oil imports, oil prices, policy, policymakers, q2, q3, q4, supply chain, trade, trade balance, trade deficit, unemployment, unemployment rate, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence