Mexico Exports on the Rise

Mexican factory exports rebounded in July, rising at their fastest pace in five months and raising hopes for a strengthening economic recovery in Latin America's No. 2 economy.

Factory exports picked up 3.81 percent in July from June, the national statistics agency said on Wednesday, after contracting by a revised 1.3 percent the prior month and marking their biggest drop since December.

Most of Mexico's exports are manufactured goods, and nearly 80 percent of the country's total exports are sent to the United States.

But non-oil consumer imports fell by 1.34 percent, their . . .