In a significant turnaround, Mexico's retail sales showed signs of recovery in December 2024, as indicated by the latest data released on February 20, 2025. After a challenging November, which saw a 1.9% year-over-year decline, December's figures reflect a more optimistic outlook with only a 0.2% contraction compared to the same period the previous year.
This movement suggests a resilience in consumer spending during the holiday season, counteracting the prior month's downturn. The December improvement is considered a positive indicator for Mexico's retail sector, hinting at the potential for further recovery in the coming months despite ongoing economic challenges.
Economic analysts are closely watching these retail sales numbers as a barometer of consumer confidence and economic health. The reduction in the rate of decline may help bolster market sentiment and support stabilization efforts within the broader Mexican economy.
