Mexican current account deficit narrows further in Q4 2016
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. ■