FX.co ★ Mexican Retail Sales Show Sign of Recovery in February 2024

In a promising turn of events, Mexican retail sales displayed signs of recovery in February 2024. According to the latest data updated on 19 April 2024, the previous indicator for January 2024 had shown a decline of -0.6%. However, the current indicator for February 2024 reversed this trend by showing a positive change of 0.4%.

The comparison, which is done on a month-over-month basis, indicates that the retail industry in Mexico is starting to show resilience and growth after a previous decline. This shift in retail sales could be a positive sign for the economy, hinting at potentially increased consumer confidence and spending.

As the country continues to navigate economic challenges, the uptick in retail sales offers a glimmer of hope for a brighter economic outlook in Mexico moving forward.