Retail sales in Mexico increased 0.9 percent year-on-year in December 2018, rebounding from a 1.3 percent fall in the previous month. On a seasonally adjusted monthly basis, retail sales rose 1.9 percent 3.2 percent, after a 3.2 percent decline in the prior month. Retail Sales YoY in Mexico averaged 2.70 percent from 2002 until 2019, 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 3.60 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 3.60 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.