Mexico Retail Sales Growth Slows in March

Mexico’s retail sales rose 2.9% year-on-year in March 2026, easing from a 3.1% increase in the previous month and missing forecasts of 3.1%. The strongest gains were recorded in online and catalog sales (21.4%), household goods, textiles, accessories, and footwear (12.3%), computers, home décor, and used items (11.1%), and healthcare products (11%). In contrast, grocery spending fell 6.2%, while sales at self-service and department stores declined 1.2%. On a monthly basis, retail sales edged up 0.1% after a 0.9% drop in February.

Retail sales in Mexico rose 3.1% year-on-year in February 2026, easing from 5.0% in the prior month and marking the tenth consecutive month of expansion. The strongest gains were recorded in textiles, costume jewelry, accessories, and footwear (14.8%), stationery and personal use items (13.2%), and online and catalog sales (12.7%). Notable increases were also seen in healthcare products (9.9%) and household goods, computers, home décor, and used items (7.3%). In contrast, grocery spending fell 6.2%. On a monthly basis, retail sales dropped 0.9% following a 1% expansion in January.

Retail sales in Mexico rose 5.0% year-on-year in January 2026, accelerating from 4.3% in December and marking the ninth consecutive month of expansion. The strongest gains were recorded in online and catalog sales (23.9%), healthcare products (16.2%), stationery and other personal use items (11.9%), textiles, costume jewelry, clothing accessories and footwear (11.8%), household goods, computers, home décor and used items (6.4%), and motor vehicles, auto parts, fuels and lubricants (6.2%). In contrast, grocery spending fell 1.8%. On a monthly basis, retail sales rose 1.0% following a 0.1% decline in the prior month.