Financial News: Mexico Retail Sales Rise 0.3%

Mexico Retail Sales Rise 0.3%

12/17/2024 - 07:57:00 (RTTNews)

(RTTNews) - Mexico's retail sales increased for the first time in four months in October, data from the National Institute of Statistics and Geography, or INEGI, showed on Tuesday.

Retail sales rose a seasonally adjusted 0.3 percent month-over-month in October, reversing a 0.1 percent drop in September.

Sales of groceries, food, beverages, ice, and tobacco grew 2.4 percent over the month, while sales at self-service and department stores contracted by 4.6 percent.

On a yearly basis, the decline in retail sales deepened to 1.6 percent in October from 0.9 percent a month ago.

Without adjustment, retail sales fell 1.2 percent annually in October, following a 1.5 percent decrease a month ago.

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