In a concerning development for the Mexican economy, retail sales have shown a deeper decline as of November 2024, according to the latest figures updated on January 21, 2025. The retail sales indicator, comparing this November to the same month last year, now stands at -1.9%, a decrease from the -1.2% recorded just a month earlier in October.
This marked step back underscores mounting challenges within the retail sector, reflecting possible reduced consumer spending and economic uncertainties. While economic indicators had already pointed to potential stagnation with October's results, the further drop indicates escalating pressures facing retailers in Mexico.
The continued decline warrants attention from policymakers and stakeholders looking to boost consumer confidence and spending. Addressing underpinning issues that contribute to this downward trend could be vital for stabilizing and potentially revitalizing Mexico’s retail market in the months ahead.
