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The auto industry in Mexico depends on NAFTA, as major auto manufacturers in the United States have made Mexico their manufacturing and export hub.
Consumer confidence in Mexico seems have been hit by increasing prices in June 2017. Consumer confidence in the country fell to 84.4 in June, compared to 85.1 in May.
Mexico’s manufacturing activity posted a strong performance after its output, new orders, and employment picked up the pace in June 2017.
Consumer prices in Mexico (EEM) surged 6.31% year-over-year (or YoY) in June 2017, compared to their 6.16% rise YoY in May.
Economic activity in Mexico rose 3.1% year-over-year (or YoY) in May 2017, a rebound from its YoY fall of 0.57% in April 2017.
Consumer prices continue to surge in Mexico (EWW), posting a rise of 6.2% year-over-year in May 2017 compared to a 5.8% rise in April 2017.
Mexican (EWW) policymakers aim to keep the country's monetary policy in line with US (SPY) monetary policy, as the two countries' economies are closely linked.
Consumer prices in Mexico rose 5.8% year-over-year in April 2017 as compared to a 5.4% rise in March 2017 and beat market expectations of 5.7%.
The Mexican economy expanded 0.6% in 1Q17, beating market expectations. Exports and private spending have continued to support growth in Mexico this year.
Markets seem to have overcome Trump’s anti-trade rhetoric by this point in 2017, given the lost confidence in Trump’s ability to implement his promises.