Macro Analysis /
GlobalMexico: Retail sales gather pace in January despite a challenging backdrop
Retail sales rose 0.6% m/m (6.7% y/y), quite positive although with some disruptions and limited in various sectors
Sector dynamics were mainly positive, highlighting +14.0% in healthcare products, given the increase of ‘Omicron’ cases
Timely signs and fundamentals for February are better. However, price pressures remain a big risk
Juan Carlos Alderete Macal
Director of Economic Research @ Banorte
Francisco Jose Flores Serrano
Senior Economist, Mexico @ Banorte
24 March 2022
Published byBanorte
