The retail sales from Mexico fell 1.1% per year in February After rising 2.7% in January, as published by the National Institute of Statistics and Geography (INEGI). This is the biggest decrease seen in three months, since November.
At a monthly level, the indicator grew 0.2% in Februarybelow the 0.6% increase in the previous month, but registering the third consecutive month of increases.
Mexican peso reaction
The Mexican weight has weakened slightly after the publication of retail sales, with the USD/MXN rising to 19.56, where it earns 0.14% in the day.
Economic indicator
Retail sales (yoy)
This survey of goods sold by retail merchants that publishes INEGI It is based on a sample of retail stores of different types and is considered an indicator of the economy growth rate. It shows the performance of the retail sector in the short and medium term. A result superior to the market consensus is bullish for Mexican weight, while a lower result is bassist.
Read more.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
