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Financial News: Mexico Retail Sales Rebound In July

Mexico Retail Sales Rebound In July

09/21/2022 - 09:07:00 (RTTNews)

(RTTNews) - Mexico's retail sales increased in July after falling for the first time in nearly a year in June, data from the National Institute of Statistics and Geography showed on Wednesday.

Retail sales dropped a seasonally adjusted 0.9 percent month-on-month in July, reversing a 0.3 percent fall in June. That was above the 0.3 percent increase expected by economists.

On a yearly basis, retail sales grew at a faster rate of 5.9 percent in July, after a 4.3 percent rise in the previous month.

Data also showed that wholesale trade remained flat from a month ago, while it grew 3.5 percent annually in July.

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