Mexico's April Retail Sales Rise 2.5% on Year Anthony Harrup - Dow Jones
go to original June 20, 2012

Retail sales in Mexico continued to grow going into the second quarter, rising in April from the year-ago month and also from March, the National Statistics Institute, or Inegi, said Wednesday.

Inegi said retail sales were up 2.5% from April 2011, led by higher sales of clothing and footwear, home appliances and computers, as well as sales at department stores. Sales of food and beverages, stationery and personal care products were lower than a year ago.

The increase was below the 2.9% median estimate of seven economists polled by Dow Jones Newswires. In the first four months of the year, retail sales were up 4.7% from the like period of 2011.

In seasonally adjusted terms, retail sales rose 0.93% from March, Inegi said.

Sales at wholesale level, which are frequently an indication of retail sales in the pipeline, rose 2% from April 2011 and were up 0.19% from March.

Write to Anthony Harrup at anthony.harrup@dowjones.com

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