Wednesday, December 26, 2007

Mexico: Trade Deficit Declines

Mexico reported a smaller-than-expected trade deficit for November after oil exports rose sharply. The deficit narrowed to $760 million from $1.65 billion in October, the finance ministry said. Economists expected a gap of $1.39 billion. Mexican oil export revenue rose 69 percent last month to $4.89 billion, the ministry said. Nonoil exports grew..

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