Mexico’s retail sales grew by 2.4% year-over-year, marking a decline from the previous rate of 3.2%. This represents an absolute decrease of 0.8 percentage points, indicating a slowdown in consumer spending growth.
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The actual retail sales figure surpassed analyst estimates of 1.6%, suggesting stronger-than-expected consumer demand. This positive surprise is likely to boost sentiment in consumer-focused sectors, such as retail and consumer goods. The market impact may be short-term as investors adjust their expectations based on the stronger retail performance.