Mexico’s auto output and export up in March
In March, Mexico produced and exported more automobiles than in the same period of last year. The increase is attributed to the upturn of US demand. According to data released by Mexican Automotive Industry Association (AMIA), Mexico's automobile production amounted to 136'354 units in March, up by 3.3% compared to March 2003. Automobile exports reached 105'703 units with an increase of 5.7% in the aforementioned period. This indicates that it was the first time in twenty two months that output numbers were up. Furthermore, the 2.2% increase in Mexico's industrial output in February affected the rise in automobile output and export. Mexico's total exports surged by 8.8% in February compared to the same period of last year. Mexico's economic recovery is in relation with the strong demand coming from US which buys up 90% of country's exports.