Macro Analysis /

Mexico: 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
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

24 March 2022
Published byBanorte


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