Mexico (America) fact of the day
Mexican non-oil exports to USA in December (y/y): -4.5%. Excluding autos: -8.7%.
That is from Genevieve Signoret, via this source.
It’s funny how these numbers seem to indicate someone is starting to enter a recession. Who might that be? Maybe it’s just noise, I don’t see any other mediocre economic reports wandering around these parts… Or maybe it’s Mexico that’s the problem…