Retail sales in Mexico increased 1.6 percent year-on-year in April of 2019, the same pace as in the previous month and beating market expectations of a 1.4 percent gain. On a monthly basis, retail trade went up 0.7 percent, compared to a 0.2 percent decrease in the previous month and market expectations of no growth. Retail Sales YoY in Mexico averaged 2.19 percent from 2002 until 2019, reaching an all time high of 9.10 percent in February of 2012 and a record low of -6.60 percent in February of 2009.
Retail Sales YoY in Mexico is expected to be 3.30 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 3.40 in 12 months time. In the long-term, the Mexico Retail Sales YoY is projected to trend around 3.40 percent in 2020, according to our econometric models.