Automakers first to suffer from U.S. woe

A steeper-than-expected drop in U.S. durable goods orders is likely to mean further suffering for Mexico´s auto industry, a top economist said Wednesday.

"It was a very unfavorable piece of data," said Jaime Ascencio, fixed-income strategist at securities firm Actinver. "Autos have been hard hit in the United States and it is going to be the same in Mexico