Mexico's retail sales increased at a faster pace in June, contrary to economists' forecast for a slower growth, data released by statistical office INEGI showed Wednesday.
Retail sales increased 5.6 percent on an annual basis in June, following the previous month's 5.2 percent gain. Economists had expected the growth rate to ease to 4.5 percent.
Month-on-month, retail sales grew a seasonally adjusted 1.77 percent in June, recovering from the previous month's 0.13 percent decrease.
At the same time, the country's wholesale trade increased at a slightly faster rate of 3.7 percent in June than 3.6 percent in May. Sequentially, wholesale sales increased 1.49 percent, after rising 0.18 percent in the previous month, data showed.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.