The retail sales from Mexico grew by 4.3% year -on -year in March After falling 1.1% in February, as published by the National Institute of Geography and Statistics (INEGI). This is the largest increase recorded by the indicator in 20 months, specifically since July 2023. The figure also improves market expectations, which foresee an increase of 2.2%.
At an intermennsual level, the indicator has risen 0.5% in Marchafter rising 0.2% the previous month, exceeding the increase of 0.1% estimated.
Mexican weight reaction
The Mexican peso has weakened against the dollar despite the good data of retail sales, with the USD/MXN at this time to a daily maximum of 19.31, where it operates in these moments, winning 0.37% daily.
Economic indicator
Retail sales (yoy)
This survey of goods sold by retail merchants that publishes INEGI It is based on a sample of retail stores of different types and is considered an indicator of the economy growth rate. It shows the performance of the retail sector in the short and medium term. A result superior to the market consensus is bullish for Mexican weight, while a lower result is bassist.
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Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
