Retail sales in Mexico advanced by 2.5% from the previous year in March of 2023, following a 3.4% increase in the prior month and missing market estimates of a 2.9% rise. Higher sales of motor vehicles, spare parts, fuels and lubricants (+6.9%); stationery items, recreation and other articles of personal use (+6.3%) were offset by sharp declines in hardware, hardware and glass items (-9.6%); household goods, computers (-5.2%) and groceries, food, drinks, ice and tobacco (-4.8%). On a seasonally adjusted monthly bases, Mexican retail sales were unchanged in March, after an upwardly revised 0.6% fall in the prior month and compared with market forecasts of a 0.1% increase. source: Instituto Nacional de Estadística y Geografía (INEGI)
Retail Sales YoY in Mexico averaged 2.10 percent from 2002 until 2023, reaching an all time high of 30.50 percent in April of 2021 and a record low of -24.10 percent in April of 2020. This page provides - Mexico Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on May of 2023.
Retail Sales YoY in Mexico is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Retail Sales YoY is projected to trend around 2.00 percent in 2024 and 3.00 percent in 2025, according to our econometric models.