Macro Analysis /
GlobalMexico: Retail sales extend their positive trend in April
Retail sales grew 0.4% m/m (4.6% y/y), benefited from a consolidation in fundamentals and better virus conditions
Sector dynamics were mixed, highlighting +2.3% in ‘vehicles and fuels’ and -4.1% in healthcare
We expect retail sales to keep climbing given stronger fundamentals, but with price pressures as the main risk
Juan Carlos Alderete Macal
Director of Economic Research @ Banorte
Francisco Jose Flores Serrano
Senior Economist, Mexico @ Banorte
23 June 2022
Published byBanorte
