FX.co ★ Mexico's Retail Sales Surged by 3% in February 2024, Beating Expectations

In a positive turn of events for Mexico's economy, the country's retail sales experienced a significant surge of 3% in February 2024. This positive shift comes after a previous decrease of -0.8% in January 2024, indicating a strong rebound in consumer spending.

The data, updated on 19 April 2024, revealed that this increase surpassed expectations and is a promising sign for the Mexican retail sector. The year-over-year comparison shows a remarkable improvement from the previous month, highlighting the resilience and growth potential of the retail industry in Mexico.

With consumer confidence on the rise and an increase in retail sales, Mexico's economy could be on track for further expansion and recovery in the months to come, providing a much-needed boost to the country's economic landscape.