Retail Sales in Mexico decreased 23.7 percent over a year earlier in May of 2020, following a record 23.8 percent slump in the previous month and compared with market expectations of a 18.5 percent decline. It was the second largest decline in retail trade on record, amid business closures and lockdowns due to the coronavirus pandemic. On a seasonally adjusted monthly basis, retail sales rose 0.8 percent, rebounding from an upwardly revised record 22.5 percent plunge in the prior month.
Retail Sales YoY in Mexico averaged 1.95 percent from 2002 until 2020, reaching an all time high of 9.10 percent in February of 2012 and a record low of -23.80 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 August of 2020. source: Instituto Nacional de Estadística y Geografía (INEGI)
Retail Sales YoY in Mexico is expected to be -2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Mexico to stand at 1.20 in 12 months time. In the long-term, the Mexico Retail Sales YoY is projected to trend around 2.40 percent in 2021 and 3.40 percent in 2022, according to our econometric models.