Macro Analysis /
Global

Mexico: Retail sales take a tumble in June, albeit with mixed dynamics inside

  • Retail sales fell 0.6% m/m (+17.7% y/y), with a mixed performance, as five out of the nine subsectors were lower

  • We noted hefty declines in supermarket and departmental (-1.1%) and healthcare (-1.2%), while internet sales surged 7.4%

  • We expect consumption to remain resilient despite higher uncertainty due to the rebound in COVID-19 cases

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
23 August 2021
Published by