Mexico Retail Sales Accelerate Slightly in October

Retail sales in Mexico rose 4.3% year-on-year in December 2025, slightly below November’s 4.4% increase, marking the eighth consecutive month of expansion in the country’s retail activity. The strongest gains were seen in household goods, computers, home décor and used items (17.8%), online and catalog sales (11.3%), motor vehicles, auto parts, fuels and lubricants (9.1%), and healthcare products (8.2%). In contrast, spending on textiles, costume jewelry, clothing accessories and footwear fell 0.3%. On a monthly basis, retail sales edged down 0.1% after a 1% increase in November.

Retail sales in Mexico rose 4.4% year-on-year in November 2025, up from 3.4% in the prior month and beating forecasts of a 3% advance. This pointed to the seventh consecutive month of growth in the county's retail activity, and the strongest since July 2023. Sales increased significantly for healthcare products (9.9%); household goods, computers, articles for interior decoration and used items (9.5%); stationery items, recreation and other articles of personal use (5.2%) motor vehicles, spare parts, fuels and lubricants (5.2%); and clothing, jewelry, accessories, and shoes (4.8%). Conversely, spending on groceries, food, drinks, ice, and tobacco declined by 5.8%. Notably, sales via online, catalogs, TV, and similar grew by 20.7%. From the previous month, retail trade rose by 1% on a seasonally adjusted basis, after an upwardly revised 0.5% increase in October and well above estimates of a 0.1% gain.

Retail sales in Mexico increased 3.4% year-on-year in October 2025, above forecasts of 3%, and slightly faster than the 3.3% rise seen in September. Growth was driven by online and catalog sales, which surged 20.5%, followed by healthcare articles (14.4%) and household appliances (10.6%). Sales of vehicles and fuels rose 5.6%, while textiles, costume jewelry, fashion accessories and footwear increased 2.8%. In contrast, grocery and beverage sales declined 2.4%, and stationery and recreational goods fell 0.7%. Retail employment grew 1%, while wages increased 3.3%. On a seasonally adjusted monthly basis, real income from goods and services rose 0.4%.