Macro Analysis /
Global

Mexico: Modest retail sales rebound, helped by better virus conditions

  • Retail sales rose 0.2% m/m (+5.9% y/y) in September, likely helped by better virus dynamics but with some challenges

  • Sector dynamics were differentiated, likely influenced by inflation, base effects, and some pandemic distortions

  • The short-term outlook seems more encouraging, suggesting a recovery in consumption in the last quarter of the year

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
23 November 2021
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