Retail Sales in Mexico increased 4.1 percent year-on-year in September 2018, up from a 3.9 percent rise in the previous month. Considering the January to September period of 2018, retail trade advanced 2.7 percent over a year ago. On a seasonally adjusted monthly basis, retail sales rebounded 1 percent, after decreasing 0.3 percent in the previous month. Retail Sales YoY in Mexico averaged 2.72 percent from 2002 until 2018, reaching an all time high of 11.20 percent in November of 2016 and a record low of -6.60 percent in February of 2009.
Retail Sales YoY in Mexico is expected to be 3.40 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 3.70 in 12 months time. In the long-term, the Mexico Retail Sales YoY is projected to trend around 3.20 percent in 2020, according to our econometric models.