Mexico's product exports grew at a year-on-year rate of 14.7% in July, to 54,788.6 million dollars, driven by manufacturing, Inegi reported on Tuesday.Imports amounted to US$54,860.5 million, an increase of 13.3%, leaving the country with a deficit of US$72 million in its trade balance.Mexico has developed its manufacturing sector with the dual objective of taking advantage of lower manufacturing…

In Mexico, spending by companies on capital goods and infrastructure grew 4.6% at an annual rate in January, above analysts' forecasts, which could be stimulated in February and March due to the lower cost of imported machinery as a result of a strong exchange rate. Alejandro Cervantes, an analyst at Banorte-Ixe, stated that " investment in machinery and equipment will most likely present a…