Mexican Trade Deficit Widens to Us$530 Million in June & to Us$2.2 Billion for First Half of 1998

The latest trade-statistics report from the Secretaria de Hacienda y Credito Publico (SHCP) put Mexico's preliminary trade deficit at US$530 million during June, bringing the accumulated trade deficit for January-June to US$2.9 billion. The deficit for the first half of this year is a stark contrast to the trade surplus of US$2.2 billion for January- June 1997. The June trade deficit, which was wider than many economists had anticipated, compared with a negative trade balance of about US$382 million in May. Responding to a survey conducted by the Reuters News Agency, 13 economists had forecast the deficit at an average of US$490 million.

June deficit fueled by slump in oil prices …

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Publication information: Article title: Mexican Trade Deficit Widens to Us$530 Million in June & to Us$2.2 Billion for First Half of 1998. Contributors: Not available. Magazine title: SourceMex Economic News & Analysis on Mexico. Publication date: July 29, 1998. Page number: Not available. © 2009 Latin American Data Base/Latin American Institute. COPYRIGHT 1998 Gale Group.

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