Macro Analysis /
GlobalMexico: Retail sales – Stagnation in March after sizable gains early in the year
Retail sales were unchanged at 0.0% m/m (2.5% y/y), signaling a loss in momentum despite solid fundamentals
We expect the sector to rebound in coming months as domestic conditions remain favorable
Nevertheless, these results could have been affected by changes in consumption patterns after the end of the pandemic
Juan Carlos Alderete Macal
Director of Economic Research @ Banorte
Francisco Jose Flores Serrano
Senior Economist, Mexico @ Banorte
19 May 2023
Published byBanorte
