Plus   Neg

Mexico February Retail Sales Growth Exceeds Forecast

Mexico's retail sales increased more than economists expected in February, data released by statistical office INEGI showed Monday.

Retail sales increased 7.6 percent on an annual basis in February, markedly faster than the 4.4 percent growth seen in January. Economists were looking for a 4.9 percent gain for February.

On a monthly basis, retail sales edged up a seasonally adjusted 0.21 percent in February, following the previous month's 0.86 percent increase, which was revised down from 0.87%.

At the same time, wholesale trade in Mexico increased at a faster rate of 5.4 percent annually in February than January's 4.6 percent growth. On a monthly basis, wholesale sales decreased a seasonally adjusted 1.06 percent, after falling 1.05 percent in the previous month, the agency said.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT