Mexico Retail Sales Growth Quickens in June Anthony Harrup - Dow Jones
go to original August 22, 2012

Retail sales in Mexico rose sharply in June from a year earlier and were higher than May as increasing employment and credit continued to support demand.

The National Statistics Institute, or Inegi, said Wednesday that retail sales rose 5.6% from June 2011, above market expectations of 4.5%. Sales were higher for clothing, stationery, personal goods, entertainment, and at supermarkets and department stores, Inegi said. Sales also rose 1.77% seasonally adjusted from May.

Domestic demand has been contributing significantly to Mexico's economic growth. Second-quarter gross domestic product, reported last week, expanded 4.1% from the year earlier period, with services up 4.4% compared with a 3.6% increase in industrial output.

June's results brought the first half rise to 4.9% compared with a year earlier, Inegi said.

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

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