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FX.co ★ Mexico Retail Sales Rebound More Than Expected

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typeContent_19130:::2022-12-20T12:18:00

Mexico Retail Sales Rebound More Than Expected

Mexico's retail sales rebounded at a faster-than-expected rate in October, data from the National Institute of Statistics and Geography showed on Tuesday.

Retail sales rose a seasonally adjusted 0.7 percent month-on-month in October, reversing a 0.2 percent fall in September. That was above the 0.4 percent increase expected by economists.

On a yearly basis, retail sales grew at a faster rate of 3.9 percent in October, after a 3.4 percent rise in the previous month.

Data also showed that wholesale trade increased 1.5 percent annually and by 0.4 percent monthly in October.

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