Mexico posts Q2 current account surplus of $206 mln despite US trade uncertainty
MEXICO CITY, Aug 25 (Reuters) - Mexico's economy posted a current account surplus of $206 million during the second quarter, reversing a deficit of $911 million in the same period last year, the Bank of Mexico said on Monday.
Mexico's current account surplus represents 0.04% of GDP, compared with a deficit of 0.19% in Q2 2024.
"The annual increase in the current account balance was primarily the result of an increase in the non-oil merchandise balance and, to a lesser extent, a decline in the services deficit," the central bank said in a statement.
The improvement came despite global economic uncertainty linked to U.S. trade policies and volatile international markets, which weighed on investor sentiment and risk appetite during the quarter, the bank said.
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