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Mexican current account deficit narrows further in Q4 2016

Staff Writer |
Mexico's current account deficit narrowed over the last three months of 2016 on strength in manufacturing, but risks were on the rise.

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In the fourth quarter, the current account deficit worsened from $7.6 billion in the third quarter to $3.3 billion (consensus: $5.3 billion).

During the same quarter one year ago, the deficit had come in at $7.3 billion.

For 2016 as a whole, the deficit narrowed to the equivalent of 2.7% of gross domestic product, from 2.9% in the prior year.

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