Macro Analysis /

Retail sales extend their upward trend for a tenth consecutive month in May

  • Retail sales rose 0.5% m/m (5.2% y/y), driven by positive seasonality and discounts, although limited by inflation

  • Sector dynamics were mainly positive, highlighting +2.4% in office and leisure items and +1.7% in glass and hardware

  • A deterioration in the balance of risks in June, with higher inflation and a gap in social transfers, may dampen sales

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

21 July 2022
Published byBanorte


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