Puerto Vallarta News

Puerto Vallarta News

Mexico factory exports down, unemployment at 7-year low

Mexico's factory-made exports slumped in November by the most in three months but the jobless rate fell to a seven year low, painting a mixed picture for growth in Latin America's second largest economy.

Manufactured exports were down 3.5 percent in November compared with October in seasonally adjusted terms, its biggest drop since August, the national statistics agency said on Thursday.

Auto exports fell 1.9 percent while other factory exports slumped by 4.3 percent, the data showed.

Mexico exports mostly manufactured goods like cars and televisions and nearly 80 percent are sent to the . . .

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