Macro Analysis /
Global

Mexico: November retail sales accelerate on discounts during "El Buen Fin"

  • Retail sales stood at -5.1% y/y, with a sequential increase of 3.3% m/m on the back of attractive discounts

  • Retail sales stood at -5.1% y/y, with a sequential increase of 3.3% m/m on the back of attractive discounts

  • We warn that today’s results are skewed up, with forward-looking data suggesting some payback in December

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
26 January 2021
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