Macro Analysis /
GlobalMexico: Retail sales continue with their upward trend in February
Retail sales rose 0.8% m/m (6.4% y/y), supported by better fundamentals and improving virus conditions
Sector dynamics were mainly positive, highlighting +3.4% in clothing and +2.8% in vehicles and fuels
We believe the favorable performance extended for the remainder of the 1Q22, although with further risks ahead
Juan Carlos Alderete Macal
Director of Economic Research @ Banorte
Francisco Jose Flores Serrano
Senior Economist, Mexico @ Banorte
26 April 2022
Published byBanorte
