Retail trade in Mexico slumped 2.3 percent month-over-month in October 2019, the most since December 2018, after an upwardly revised 1.1 percent rise in the previous month and against market expectations of a 0.1 percent gain. Retail Sales MoM in Mexico averaged 0.10 percent from 2001 until 2019, reaching an all time high of 4.10 percent in November of 2006 and a record low of -4.50 percent in December of 2005. source: Instituto Nacional de Estadística y Geografía (INEGI)
Retail Sales MoM in Mexico is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales MoM in Mexico to stand at 0.50 in 12 months time. In the long-term, the Mexico Retail Sales MoM is projected to trend around 0.50 percent in 2020, according to our econometric models.