Macro Analysis /

Mexico: 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
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

19 May 2023
Published byBanorte


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